As previously announced, CNP Assurances signed a framework agreement with Caixa Seguridade on 29 August last year regarding their new exclusive distribution agreement in the Caixa Econômica Federal network in Brazil. Implementation of this agreement, which only affects part of the scope of their current partnership, remains subject to a number of condition precedents being fulfilled.
The new Caixa Seguridade management team has engaged discussions with CNP Assurances in order to reach agreements on adjustments or any supplements to the 29 August 2018 framework agreement.
CNP Assurances will inform the market of any changes to the framework agreement resulting from these discussions, in particular any developments that potentially modify its communication of 30 August 2018 on this subject.