Allianz Trade buys out joint venture partner in Portugal

Trade credit insurer Allianz Trade will buy the remaining 50% stake in Portuguese firm Companhia de Seguro de Créditos (Cosec) from Banco BPI.

Cosec, Portugal’s market leader for trade credit insurance, became a joint venture between Allianz Trade and Banco BPI in 2007. Following regulatory appro...

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