By: Benzinga
December 05, 2012 at 17:04 PM EST
Travelers Increases Its Ownership in Its J. Malucelli Joint Venture, the Market Leader in Brazilian Surety
The Travelers Companies (NYSE: TRV ) announced today that it has increased its ownership stake in J. Malucelli Participações em Seguros e Resseguros S.A., its joint venture in Brazil, by exercising a pre-existing option to purchase newly issued shares. As a result, Travelers has increased its stake in J.
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