Zurich Financial Services Group http://www.alacrastore.com/company-snapshot/Zurich_Financial_Services_Group-500314 Thursday, July 24, 2008 4:09:03 PM 500314 Zurich Financial Services Group en AlacraStore RSS Builder 1.0 30 BRAZIL - Zurich Participacoes e Representacoes Ltda (ZP), a unit of Zurich Financial Services AG, agreed to acquire an ##.##% interest in Cia de Seguros Minas Brasil, a provider of insurance services and a unit of Banco Mercantil do Brasil SA (BM), from BM. Concurrently, ZP agreed to acquire Minas Brasil Seguradora Vida e Previdencia SA. The two transactions were to have a combined value of ###.### mil Brazilian reais ($### mil US). The consideration was to consist of ###.## mil reais ($### mil) and up to ##.### mil reais ($## mil) in profit related payments, and were subject to regulatory approvals.7/18/2008 3:05:34 PM98772Y20631H99003E06029CZurich Participacoes e Representacoes LtdaCia de Seguros Minas BrasilZurich Financial Services AGBanco Mercantil do Brasil SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Zurich_Participacoes_acquires_Cia_de_Seguros_Minas_Brasil_from_Banco_Mercantil_do_Brasil_SA-1996734040sdc/19967340401996734040Copyright © 2008, Thomson Financial, All Rights ReservedInsuranceBrazilLife insurance6311FFForeignSubsidiary6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insuranceBOVESPAInsuranceBrazilLife insurance6311FFForeignPublicCSMB31029371001Pvd ins,finl svcsPvd coml bkg svcsCashEarnoutStock1029414001Jul 18 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.00000Zurich Participacoes eRepresentacoes Ltda providesinsurance services.Zurich Participacoes e Representacoes Ltda providesinsurance services.Zurich Participacoes e Representacoes Ltda provides insurance services.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.00000Cia de Seguros Minas Brasil,located in Belo Horizonte,provides insurance services,offering life, accident andvehicle insurance. They offerMinas Brasil Promotora deServicos SA, operating in thestates of Goias, Minas Gerais,Rio Grande do Sul, Parana, Riode Janeiro and Sao Paulo,among others.Cia de Seguros Minas Brasil, located in Belo Horizonte,provides insurance services, offering life, accident andvehicle insurance. They offer Minas Brasil Promotora deServicos SA, operating in the states of Goias, Minas Gerais,Rio Grande do Sul, Parana, Rio de Janeiro and Sao Paulo,among others.Cia de Seguros Minas Brasil, located in Belo Horizonte, provides insurance services, offering life, accident and vehicle insurance. They offer Minas Brasil Promotora de Servicos SA, operating in the states of Goias, Minas Gerais, Rio Grande do Sul, Parana, Rio de Janeiro and Sao Paulo, among others.0.000000.000000.0000040.00000YBrazilian Real17 Jul 08Thu, 17 Jul 2008 00:00:00 ESTDate Announced: 07/17/2008Date Effective:Acq. Maj. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.00000384.154 Brazilian Real384.154000.00000384.154 Brazilian Real384.154000.000000.000000.000000.00000384.15400384.154 Brazilian Real0.62700N120.615000.000000.000000.000000.000000.00000241.00000241.000000.000000.000000.000000.000000.000000.000000.0000087.350000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.00000BRAZIL - Zurich Participacoese Representacoes Ltda (ZP), aunit of Zurich FinancialServices AG, agreed to acquirean 87.35% interest in Cia deSeguros Minas Brasil, aprovider of insurance servicesand a unit of Banco Mercantildo Brasil SA (BM), from BM.Concurrently, ZP agreed toacquire Minas BrasilSeguradora Vida e PrevidenciaSA. The two transactions wereto have a combined value of384.154 mil Brazilian reais($241 mil US). Theconsideration was to consistof 334.74 mil reais ($210 mil)and up to 49.414 mil reais($31 mil) in profit relatedpayments, and were subject toregulatory approvals.BRAZIL - Zurich Participacoes e Representacoes Ltda (ZP), a unit of Zurich Financial Services AG, agreed to acquire an 87.35% interest in Cia de Seguros Minas Brasil, a provider of insurance services and a unit of Banco Mercantil do Brasil SA (BM), from BM. Concurrently, ZP agreed to acquire Minas Brasil Seguradora Vida e Previdencia SA. The two transactions were to have a combined value of 384.154 mil Brazilian reais ($241 mil US). The consideration was to consist of 334.74 mil reais ($210 mil) and up to 49.414 mil reais ($31 mil) in profit related payments, and were subject to regulatory approvals.BRAZIL - Zurich Participacoes e Representacoes Ltda (ZP), a unit of Zurich FinancialServices AG, agreed to acquire an 87.35% interest in Cia de Seguros Minas Brasil, aprovider of insurance services and a unit of Banco Mercantil do Brasil SA (BM), from BM.Concurrently, ZP agreed to acquire Minas Brasil Seguradora Vida e Previdencia SA. The twotransactions were to have a combined value of 384.154 mil Brazilian reais ($241 mil US).The consideration was to consist of 334.74 mil reais ($210 mil) and up to 49.414 mil reais($31 mil) in profit related payments, and were subject to regulatory approvals.BRAZIL - Zurich Participacoes e Representacoes Ltda (ZP), a unit of Zurich Financial Services AG, agreed to acquire an 87.35% interest in Cia de Seguros Minas Brasil, a provider of insurance servicesand a unit of Banco Mercantil do Brasil SA (BM), from BM. Concurrently, ZP agreed to acquire Minas Brasil Seguradora Vida e Previdencia SA. The two transactions were to have a combined value of384.154 mil Brazilian reais ($241 mil US). The consideration was to consist of 334.74 mil reais ($210 mil) and up to 49.414 mil reais ($31 mil) in profit related payments, and were subject toregulatory approvals.BRAZIL - Zurich Participacoes e Representacoes Ltda (ZP), a unit of Zurich Financial Services AG, agreed to acquire an 87.35% interest inCia de Seguros Minas Brasil, a provider of insurance services and a unit of Banco Mercantil do Brasil SA (BM), from BM. Concurrently, ZPagreed to acquire Minas Brasil Seguradora Vida e Previdencia SA. The two transactions were to have a combined value of 384.154 milBrazilian reais ($241 mil US). The consideration was to consist of 334.74 mil reais ($210 mil) and up to 49.414 mil reais ($31 mil) inprofit related payments, and were subject to regulatory approvals.UBS Pactual1.00000$ 241.000 - UBS Pactual - Rep Sell0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6614002ZurichSwitzerland6311ForeignPublicZURN6000:Banks6159:Misc business credit6162:Mortgage bankers and loan correspondents693294001BOVESPABrazil6000ForeignPublicBMEB4241.00000384.15400241.00000120.61500Deal InformationThomson Financial Mergers & AcquisitionsSPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a ##% interest in BanSabadell Pensiones EGFP SA, a Barcelona-based insurance agency firm. Concurrently, ZF agreed to acquire a ##% interest in BanSabadell Vida SA de Seguros y Reaseguros and BanSabadell Seguros Generales SA de Seguros y Reaseguros, from BS. The three transactions were to have a combined value of ### mil euros ($#.### bil Swiss francs/$#.## bil US). The consideration was to consist of ### mil euros (#.### bil francs/$#.### bil) in cash and ### mil euros (###.### mil francs/$###.### mil) in profit-related payments. The transactions were subject to regulatory approvals.7/16/2008 1:12:11 PM99003E06724Z99003E05971HZurich Financial Services AGBanSabadell Pensiones EGFP SAZurich Financial Services AGBanco Sabadell SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Zurich_Financial_Services_AG_acquires_BanSabadell_Pensiones_EGFP_SA_from_Banco_Sabadell_SA-1995834040sdc/19958340401995834040Copyright © 2008, Thomson Financial, All Rights ReservedZurichInsuranceSwitzerlandLife insurance6311FFForeignPublicZURN6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insuranceInsuranceSpainInsurance agents, brokers, and service6411FFForeignSubsidiary6614002Pvd ins,finl svcsBank (foreign)CashEarnoutStock1028830001Jul 16 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.00000Zurich Financial Services AG,located in Zurich,Switzerland, providesinsurance and relatedfinancial services, throughfour divisions: Life Insurance(range of life insuranceproducts with an emphasis oninvestment linked and savingsproducts); Non Life Insurance(products for the automobile,domestic and commercialproperty sectors, as well asfor transport, generalliability and construction);Asset Management and OtherFinancial Services (assetmanagement, investmentbanking, securities trading,brokerage, real estate andother financial activities).It is also a holding companyand was founded in 1872.Zurich Financial Services AG, located in Zurich,Switzerland, provides insurance and related financialservices, through four divisions: Life Insurance (range oflife insurance products with an emphasis on investmentlinked and savings products); Non Life Insurance (productsfor the automobile, domestic and commercial propertysectors, as well as for transport, general liability andconstruction); Asset Management and Other Financial Services(asset management, investment banking, securities trading,brokerage, real estate and other financial activities). Itis also a holding company and was founded in 1872.Zurich Financial Services AG, located in Zurich, Switzerland, provides insurance and related financial services, through four divisions: Life Insurance (range of life insurance products with an emphasis on investment linked and savings products); Non Life Insurance (products for the automobile, domestic and commercial property sectors, as well as for transport, general liability and construction); Asset Management and Other Financial Services (asset management, investment banking, securities trading, brokerage, real estate and other financial activities). It is also a holding company and was founded in 1872.1.000002.000003.000004.000005.000006.00000BanSabadell Pensiones EGFP SA,located in Barcelona, Spain,is an insurance agency firmthat provides pensionservices. The company wasfounded on July 27, 1988.BanSabadell Pensiones EGFP SA, located in Barcelona, Spain,is an insurance agency firm that provides pension services.The company was founded on July 27, 1988.BanSabadell Pensiones EGFP SA, located in Barcelona, Spain, is an insurance agency firm that provides pension services. The company was founded on July 27, 1988.0.000000.000000.000000.00000Y10 Jul 08Thu, 10 Jul 2008 00:00:00 ESTDate Announced: 07/10/2008Date Effective:Acq. Maj. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000050.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.00000SPAIN - Zurich FinancialServices AG (ZF) ofSwitzerland, agreed to acquirea 50% interest in BanSabadellPensiones EGFP SA, aBarcelona-based insuranceagency firm. Concurrently, ZFagreed to acquire a 50%interest in BanSabadell VidaSA de Seguros y Reaseguros andBanSabadell Seguros GeneralesSA de Seguros y Reaseguros,from BS. The threetransactions were to have acombined value of 900 mileuros ($1.459 bil Swissfrancs/$1.42 bil US). Theconsideration was to consistof 750 mil euros (1.216 bilfrancs/$1.183 bil) in cash and150 mil euros (243.147 milfrancs/$236.593 mil) inprofit-related payments. Thetransactions were subject toregulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interest in BanSabadell Pensiones EGFP SA, a Barcelona-based insurance agency firm. Concurrently, ZF agreed to acquire a 50% interest in BanSabadell Vida SA de Seguros y Reaseguros and BanSabadell Seguros Generales SA de Seguros y Reaseguros, from BS. The three transactions were to have a combined value of 900 mil euros ($1.459 bil Swiss francs/$1.42 bil US). The consideration was to consist of 750 mil euros (1.216 bil francs/$1.183 bil) in cash and 150 mil euros (243.147 mil francs/$236.593 mil) in profit-related payments. The transactions were subject to regulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interestin BanSabadell Pensiones EGFP SA, a Barcelona-based insurance agency firm. Concurrently,ZF agreed to acquire a 50% interest in BanSabadell Vida SA de Seguros y Reaseguros andBanSabadell Seguros Generales SA de Seguros y Reaseguros, from BS. The three transactionswere to have a combined value of 900 mil euros ($1.459 bil Swiss francs/$1.42 bil US). Theconsideration was to consist of 750 mil euros (1.216 bil francs/$1.183 bil) in cash and150 mil euros (243.147 mil francs/$236.593 mil) in profit-related payments. Thetransactions were subject to regulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interest in BanSabadell Pensiones EGFP SA, a Barcelona-based insurance agency firm. Concurrently, ZF agreed to acquirea 50% interest in BanSabadell Vida SA de Seguros y Reaseguros and BanSabadell Seguros Generales SA de Seguros y Reaseguros, from BS. The three transactions were to have a combined value of 900 mileuros ($1.459 bil Swiss francs/$1.42 bil US). The consideration was to consist of 750 mil euros (1.216 bil francs/$1.183 bil) in cash and 150 mil euros (243.147 mil francs/$236.593 mil) inprofit-related payments. The transactions were subject to regulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interest in BanSabadell Pensiones EGFP SA, aBarcelona-based insurance agency firm. Concurrently, ZF agreed to acquire a 50% interest in BanSabadell Vida SA de Seguros y Reasegurosand BanSabadell Seguros Generales SA de Seguros y Reaseguros, from BS. The three transactions were to have a combined value of 900 mileuros ($1.459 bil Swiss francs/$1.42 bil US). The consideration was to consist of 750 mil euros (1.216 bil francs/$1.183 bil) in cash and150 mil euros (243.147 mil francs/$236.593 mil) in profit-related payments. The transactions were subject to regulatory approvals.Deutsche Bank AG1.00000$ 0.000 - Deutsche Bank AG - Adv0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006371:Pension, health, and welfare funds6411:Insurance agents, brokers, and service6614002ZurichSwitzerland6311ForeignPublicZURN6000:Banks6211:Security brokers, dealers, and flotation companies6371:Pension, health, and welfare funds329713002MadridSpain6000ForeignPublicSAB0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & AcquisitionsSPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a ##% interest in BanSabadell Seguros Generales SA de Seguros y Reaseguros, a Barcelona-based provider of property insurance services. Concurrently, ZF agreed to acquire a ##% interest in BanSabadell Vida SA de Seguros y Reaseguros and BanSabadell Pensiones EGFP SA, from BS. The three transactions were to have a combined value of ### mil euros ($#.### bil Swiss francs/$#.## bil US). The consideration was to consist of ### mil euros (#.### bil francs/$#.### bil) in cash and ### mil euros (###.### mil francs/$###.### mil) in profit-related payments. The transactions were subject to regulatory approvals.7/16/2008 1:12:11 PM99003E06725C99003E05971HZurich Financial Services AGBanSabadell Seguros Generales SA de Seguros y ReasegurosZurich Financial Services AGBanco Sabadell SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Zurich_Financial_Services_AG_acquires_BanSabadell_Seguros_Generales_from_Banco_Sabadell_SA-1995835040sdc/19958350401995835040Copyright © 2008, Thomson Financial, All Rights ReservedZurichInsuranceSwitzerlandLife insurance6311FFForeignPublicZURN6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insuranceInsuranceSpainFire, marine, and casualty insurance6331FFForeignSubsidiary6614002Pvd ins,finl svcsBank (foreign)CashEarnoutStock1028833001Jul 16 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.00000Zurich Financial Services AG,located in Zurich,Switzerland, providesinsurance and relatedfinancial services, throughfour divisions: Life Insurance(range of life insuranceproducts with an emphasis oninvestment linked and savingsproducts); Non Life Insurance(products for the automobile,domestic and commercialproperty sectors, as well asfor transport, generalliability and construction);Asset Management and OtherFinancial Services (assetmanagement, investmentbanking, securities trading,brokerage, real estate andother financial activities).It is also a holding companyand was founded in 1872.Zurich Financial Services AG, located in Zurich,Switzerland, provides insurance and related financialservices, through four divisions: Life Insurance (range oflife insurance products with an emphasis on investmentlinked and savings products); Non Life Insurance (productsfor the automobile, domestic and commercial propertysectors, as well as for transport, general liability andconstruction); Asset Management and Other Financial Services(asset management, investment banking, securities trading,brokerage, real estate and other financial activities). Itis also a holding company and was founded in 1872.Zurich Financial Services AG, located in Zurich, Switzerland, provides insurance and related financial services, through four divisions: Life Insurance (range of life insurance products with an emphasis on investment linked and savings products); Non Life Insurance (products for the automobile, domestic and commercial property sectors, as well as for transport, general liability and construction); Asset Management and Other Financial Services (asset management, investment banking, securities trading, brokerage, real estate and other financial activities). It is also a holding company and was founded in 1872.1.000002.000003.000004.000005.000006.00000BanSabadell Seguros GeneralesSA de Seguros y Reaseguros,located in Barcelona, Spain,provides property insuranceservices. The company wasfounded on May 2, 2006.BanSabadell Seguros Generales SA de Seguros y Reaseguros,located in Barcelona, Spain, provides property insuranceservices. The company was founded on May 2, 2006.BanSabadell Seguros Generales SA de Seguros y Reaseguros, located in Barcelona, Spain, provides property insurance services. The company was founded on May 2, 2006.0.000000.000000.000000.00000Y10 Jul 08Thu, 10 Jul 2008 00:00:00 ESTDate Announced: 07/10/2008Date Effective:Acq. Maj. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000050.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.00000SPAIN - Zurich FinancialServices AG (ZF) ofSwitzerland, agreed to acquirea 50% interest in BanSabadellSeguros Generales SA deSeguros y Reaseguros, aBarcelona-based provider ofproperty insurance services.Concurrently, ZF agreed toacquire a 50% interest inBanSabadell Vida SA de Segurosy Reaseguros and BanSabadellPensiones EGFP SA, from BS.The three transactions were tohave a combined value of 900mil euros ($1.459 bil Swissfrancs/$1.42 bil US). Theconsideration was to consistof 750 mil euros (1.216 bilfrancs/$1.183 bil) in cash and150 mil euros (243.147 milfrancs/$236.593 mil) inprofit-related payments. Thetransactions were subject toregulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interest in BanSabadell Seguros Generales SA de Seguros y Reaseguros, a Barcelona-based provider of property insurance services. Concurrently, ZF agreed to acquire a 50% interest in BanSabadell Vida SA de Seguros y Reaseguros and BanSabadell Pensiones EGFP SA, from BS. The three transactions were to have a combined value of 900 mil euros ($1.459 bil Swiss francs/$1.42 bil US). The consideration was to consist of 750 mil euros (1.216 bil francs/$1.183 bil) in cash and 150 mil euros (243.147 mil francs/$236.593 mil) in profit-related payments. The transactions were subject to regulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interestin BanSabadell Seguros Generales SA de Seguros y Reaseguros, a Barcelona-based provider ofproperty insurance services. Concurrently, ZF agreed to acquire a 50% interest inBanSabadell Vida SA de Seguros y Reaseguros and BanSabadell Pensiones EGFP SA, from BS.The three transactions were to have a combined value of 900 mil euros ($1.459 bil Swissfrancs/$1.42 bil US). The consideration was to consist of 750 mil euros (1.216 bilfrancs/$1.183 bil) in cash and 150 mil euros (243.147 mil francs/$236.593 mil) inprofit-related payments. The transactions were subject to regulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interest in BanSabadell Seguros Generales SA de Seguros y Reaseguros, a Barcelona-based provider of property insuranceservices. Concurrently, ZF agreed to acquire a 50% interest in BanSabadell Vida SA de Seguros y Reaseguros and BanSabadell Pensiones EGFP SA, from BS. The three transactions were to have a combinedvalue of 900 mil euros ($1.459 bil Swiss francs/$1.42 bil US). The consideration was to consist of 750 mil euros (1.216 bil francs/$1.183 bil) in cash and 150 mil euros (243.147 mil francs/$236.593mil) in profit-related payments. The transactions were subject to regulatory approvals.SPAIN - Zurich Financial Services AG (ZF) of Switzerland, agreed to acquire a 50% interest in BanSabadell Seguros Generales SA de Segurosy Reaseguros, a Barcelona-based provider of property insurance services. Concurrently, ZF agreed to acquire a 50% interest in BanSabadellVida SA de Seguros y Reaseguros and BanSabadell Pensiones EGFP SA, from BS. The three transactions were to have a combined value of 900mil euros ($1.459 bil Swiss francs/$1.42 bil US). The consideration was to consist of 750 mil euros (1.216 bil francs/$1.183 bil) in cashand 150 mil euros (243.147 mil francs/$236.593 mil) in profit-related payments. The transactions were subject to regulatory approvals.Deutsche Bank AG1.00000$ 0.000 - Deutsche Bank AG - Adv0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006331:Fire, marine, and casualty insurance6614002ZurichSwitzerland6311ForeignPublicZURN6000:Banks6211:Security brokers, dealers, and flotation companies6371:Pension, health, and welfare funds329713002MadridSpain6000ForeignPublicSAB0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/cs/71578cs/71578norm Euro Financial Movers: Bad News Is Better Out Than In Those that came through relatively unscathed from a horrible week were the issuers who have already got most of the bad news out there UK and Irish banks, which only report half-yearly,...715781551YesD0Article3748071234328360329356119112243573653551304366975corp244193100787240357/14/2008 12:14:37 AM150Issuers that have already quantified as much as possible of the bad news were the relative outperformers in a pessimistic stockmarket, even if their chief executives are feeling the heat for recent past performance.71578Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/71336cs/71336norm Euro Insurance Capital: Hard to Measure, But Under Pressure Although banks have been taking the limelight, we think some of the focus on capitalisation should shift to the insurance sector Available-for-Sale and foreign exchange translation...713361901YesD0Article3741665114379751736137636516641735corp41937872102146407/7/2008 12:13:00 AM150A look at how excess capital at Europe's insurance companies has been eroded. In 2Q08 the process will have continued, and equity impairments are likely to be a feature of the second half, hitting the income statement and the headlines.71336Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69992cs/69992norm Euro Financial Movers: Taking A Rain Check The markets were lacklustre in a week shortened by holidays in the US and the UK, but they continued to fret over poor data from the UK housing market European banks that are planning rights...699921079YesD0Article19393601261114335612253743293647971665366365130416641244328corp47872102193403560Financial Movers6/2/2008 12:13:12 AM150A fairly quiet week, as the market continued to worry about rights issues and the state of the UK housing market69992Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69444cs/69444norm Euro Financial Movers: Earnings Over, Onto a Capital Catwalk #Q## earnings season is over at last. Despite a horrible March, there were not too many surprises in the whole process, thanks to expectations management. There is little...1664357362corp41931469572102403567Earnings Reports - Financials5/19/2008 12:12:00 AM150After the 1Q08 earnings season, the big outstanding question is capitalisation and what the right targets are. In the near term, this is likely to be the main driver of equity price action and to provide some comfort to the credit market.694441164YesD0Article3773561924374360120397569444Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/67024cs/67024norm European Financials CDS Tracker: Spring Tides We publish a new set of recommendations and review the three-month performance of the last series A lot of single names underperformed over the past few days, as their spreads failed to...670241947YesD0Article3773581203517359367373166535611433883297971216374389193920103604483641276361655128712861664376375365386355156236297516773573661199corp193724100781641461861610240463564CDS Relative Value Tracker3/26/2008 11:13:00 PM150Our regular three-monthly review of recommendations in five-year subordinated CDS - after the iTraxx roll to Series 9 and the post-Easter market reopening in Europe.67024Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/65966cs/65966norm Zurich Financial Services FY## Tearsheet The Zurich group has successfully shaken off the accident-prone image it had until ####, tightening up risk management, improving profitability and reducing leverage. It has so far come through...65966553YesC21Tearsheet374tearsheets/premium403/10/2008 2:05:19 PM15065966Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/58913cs/58913norm Zurich Financial Services #H## Tearsheet The Zurich group has successfully shaken off the accident-prone image it had until ####, tightening up risk management, improving profitability and reducing leverage.However, it is the only major...58913600YesC21Tearsheet374tearsheets/premium150403/10/2008 12:05:18 PM58913Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/66127cs/66127norm European Insurers: Asset Exposure Summary - Part # We summarise asset-side exposures for the European insurers in iTraxx that have reported FY## earnings so far: Allianz, Aviva, AXA, Munich Re, Swiss Re and Zurich There are not obvious...661272568YesD0Article3745177973283653611664corp47278193403/6/2008 1:06:00 AM150A round-up of disclosures so far on overall asset allocations and problem exposures from the six European iTraxx insurers that have reported so far: Allianz, Aviva, AXA, Munich Re, Swiss Re and Zurich.66127Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/63738cs/63738norm63738 European Financials #### Outlook: The Camel and the Grief Cycle Banks and insurers are progressing through the sub-prime grief cycle but have not gone far enough yet to restore optimism about the sector We start the year with a Market...8411YesD0Article17871203178951735911431924356377358797620329374121636037037144836416651199128735736636212863653761664655361975369367373corp/reportscorp41927871193721021641465895186354021Sector Outlooks1/9/2008 10:05:00 PM150The key to performance in 2008 is how banks and insurers cope with their sub-prime grief cycle: we start the year Market Weight in both sub-sectors and look for an opportunity to go Overweight in banks.63738Credit & Investment ResearchCreditSights