Grupo BPCE, dono do Novo Banco, vai comprar seguradora GamaLife

Grupo BPCE, owner of Novo Banco, has signed a memorandum to acquire 100% of GamaLife for over 250 million euros. The purchase includes operations in Portugal and Italy, with 128 million euros allocated to Italy and 123 million euros to Portugal. This acquisition aligns with BPCE's strategy to enhance its bancassurance model in Portugal as part of its Vision 2030 plan. GamaLife, which has roots in the Espírito Santo Group, has transitioned from losses to profits, reporting over 540 million euros in earnings over six years. The deal marks BPCE Assurances' first acquisition outside France, aiming to leverage GamaLife's expertise and Novo Banco's distribution strength to accelerate growth in the insurance sector.