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Ally Financial to sell Mexican insurance unit to ACE for $865 mln
2012年10月18日 / 上午10点45分 / 5 年前

Ally Financial to sell Mexican insurance unit to ACE for $865 mln

Oct 18 (Reuters) - Ally Financial, the auto lender 74 percent-owned by the U.S. government, will sell its Mexican insurance business to insurance and reinsurance company ACE Ltd for $865 million in cash.

The business, ABA Seguros, is the fourth largest insurer in the Mexican auto insurance market, ACE said in a statement.

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