Regulated information - Brussels, Paris, 30 September 2013 - 6.00 pm
Closing of the sale of Sofaxis
After having signed a sale and purchase agreement on 26 June 2013, Dexia announces today the closing of the sale of Sofaxis to Société Hospitalière d'Assurances Mutuelles (Sham), MGEN Group and Mutuelle Nationale Territoriale (MNT), for a firm price of EUR 136 million. All of the regulatory authorisations have been received. For Dexia, this sale is a part of the orderly resolution plan initiated in October 2011. The capital gain, which will be disclosed in the 3Q group interim statement, is currently estimated at EUR 65 million and the impact on solvency ratios is not significant.
The ambition of the new entity Sham-Sofaxis, that gathers the skills of 765 employees and a scope of activities representing more than EUR 650 million of premiums collected, will be to position itself as a leading player providing insurance, risk management and social protection services to local public sector and to the different stakeholders in the sector of personal care.
