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August 25, 2004 -

AGF agreed to sell its 100% stake in AGF Chile

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On the 19 August, AGF agreed to sell its 100% stake in AGF Chile (holding company of AGF Allianz Compañía de Seguros Generales) to Liberty International (part of the Boston-based Liberty Mutual Group, one of the top ten providers of P&C coverage in the U.S) for € 39 million.

This acquisition will enable Liberty International enter Chile and to reinforce its strong Latin American presence.
BNP Paribas Corporate Finance was the exclusive advisor to AGF on this transaction.