Media Information 15.10.2018
ERGO to sell ERGO Life business in Russia to Rosgosstrakh
ERGO Group AG has announced that it is selling its life insurance business in Russia to Rosgosstrakh, a unique Russian insurance company and one of the country’s market leaders in the non-life insurance segment with almost 100 years of history. Representatives of both enterprises have signed a purchase agreement. As is customary for transactions of this type, the sale is subject to regulatory approvals. The parties have agreed not to disclose details of the purchase price.