Fiatc grows in the Basque Country with the acquisition of a majority stake in Igualatorio de Previsión Sanitaria de Seguros (IPRESA).
The acquisition is part of Fiatc's growth strategy in the health insurance business, which currently reports more than 170 million euros in premiums, according to data from the same mutual.
The operation will enable the company to strengthen its presence in the province of Guipúzcoa, where Ipresa has a strong market penetration.
In addition to the insurance business, Ipresa owns and manages the Arrasate Medical Center, located in the center of San Sebastian.
The transaction was closed on December 29 following an agreement formalized by both entities.
PKF Attest, on behalf of Ipresa, and Priscus Iberia and Hogan Lovells, on behalf of Fiatc, acted as advisors.
