Zurich Completes Latin American Pact with Banco Santander

The Zurich Financial Services Group announced that it has signed definitive agreements with Banco Santander SA to enter into a long-term alliance in Latin America.

Zurich said the “scope, structure and key financial terms are materially unchanged” from those outlined when the cooperation agreement was first announced in February.

The two parties expect to close the transaction before the end of the year, subject to the receipt of regulatory approvals.

Source: Zurich Financial Services