Published On: Mon, Dec 11th, 2017

Vidanova buys ENNIA in Bonaire

ENNIA Curacao-DWILLEMSTAD, KRALENDIJK - Ennia Caribe Holding (ENNIA) and Vidanova Pension Fund (Vidanova) announced the signing of a definitive agreement whereby Vidanova buys the assets and business of the ENNIA branch in Bonaire.

The subsidiary, which represents 3 percent of the total assets of ENNIA, comprises the affairs of Banco di Caribe, ENNIA Leven nv and ENNIA Schade nv in Bonaire.

“We are delighted with this purchase that has a record of considerable success on Bonaire and this acquisition is an excellent opportunity for our integrated financial services to our members,” said Humberto d'Abreu de Paolo, Chairman of the Board of Directors of Vidanova.

The transaction, which still requires the approval of regulators, is expected to be completed by the end of January 2018.

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