Euler Hermes SA agreed to acquire remaining 50% stake in COSEC - Companhia de Seguro de Créditos, S.A. from Banco BPI, S.A. on February 24, 2023. Subject to regulatory approvals, including an antitrust review, the transaction is expected to be completed in the first half of 2023.

Euler Hermes SA completed the acquisition of remaining 50% stake in COSEC - Companhia de Seguro de Créditos, S.A. from Banco BPI, S.A. on February 24, 2024 which is an estimated completion date.