National General Holdings Corp. receives approval for Swedish sale
New York-headquartered specialty personal lines insurance holding company National General Holdings Corp. has received approval from the Swedish Financial Supervisory Authority for the previously announced sale of its Euro Accident Health and Care Insurance Sweden operation. It is being sold to an investor group arranged by Impilo AB, a Swedish investment company focused on Nordic healthcare investments.
The transaction is scheduled to close on December 2, 2019. The estimated sale price of approximately $148 million for this transaction will result in an increase to shareholders’ book value of approximately $24 million. Since this transaction is based in Swedish Krona (SEK), the final price will vary accordingly.
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