Mapfre Middlesea plc - Middlesea Insurance plc increases its stake in Progress Assicurazioni SpA

Middlesea Insurance plc acquired Corporacion Mapfre's 38.97% holding in Progress Assicurazioni SPA, an unlisted non life insurance company operating in Southern Italy. The acquisition is equivalent to 584,597,110 shares of a nominal value of Euro 0.01 each fully paid up.

Middlesea Insurance plc now holds 89.97% shareholding in Corporacion Mapfre SPA. Middlsea Valletta Life Assurance Co Ltd. holds an additional 10% and the balance is held by individuals.

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