mBank sold its entity specialized in group insurance distribution
mBank finalised a transaction of selling a part of its company – mFinance an entity specialised in group insurance distribution.
In November 2017 mBank signed an agreement with Danish company Phoebe IVS. The bank is obliged to sell 100% of its shares in Latona SA company and after that the part of mFinance business in the scope of group insurance distribution.
According to the information published by mBank, the transaction was finalised. Its predicted maximum value will amount to PLN 520 mln.