A Valuable Partner For El Corte Inglés

The alliance between Mutua and El Corte Inglés goes beyond the agreement in the distribution of insurance and investment funds that they negotiated.

The purchase of 8% of the capital of the department stores, valued at 550 million, by the insurer leads to its entry into the board of directors. But, in addition, it must be considered that another 555 million will be mobilized that will allow Mutua to pilot the already very fruitful policy business of El Corte Inglés.

The total amount of the agreement thus rises to 1,105 million and constitutes the largest investment carried out by the insurer to date. It is a figure consistent with the great relevance of a pact, which implies the entry into El Corte Inglés of a strategic partner of such weight and reliability.

The alliance between Mutua and El Corte Inglés goes beyond the agreement in the distribution of insurance and investment funds that they negotiated.

The purchase of 8% of the capital of the department stores, valued at 550 million, by the insurer leads to its entry into the board of directors. But, in addition, it must be considered that another 555 million will be mobilized that will allow Mutua to pilot the already very fruitful policy business of El Corte Inglés.

The total amount of the agreement thus rises to 1,105 million and constitutes the largest investment carried out by the insurer to date. It is a figure consistent with the great relevance of a pact, which implies the entry into El Corte Inglés of a strategic partner of such weight and reliability.

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