Mediterráneo Vida S.A., de Seguros y Reaseguros entered into exclusive negotiations to acquire CNP Partners de Seguros y Reaseguros, S.A from CNP Assurances SA (ENXTPA:CNP) on March 9, 2022. Mediterráneo Vida S.A., de Seguros y Reaseguros entered into sale and purchase agreement to acquire CNP Partners de Seguros y Reaseguros, S.A from CNP Assurances SA (ENXTPA:CNP) on May 5, 2022. As required by French law, the next step in the process will be the consultation of the involved companies' employee representative bodies, with the aim of signing the sale and purchase agreement. As per the terms of the transaction, Mediterráneo Vida S.A., de Seguros y Reaseguros would work with the existing CNP Partners team to strengthen ties with its distribution partners, including financial institutions, brokers, and intermediaries, and develop its digital channel. The transaction is subject to certain conditions precedent. The transaction is expected to complete in the fourth quarter of 2022, following regulatory approvals. BNP Paribas España S.A. acted as financial advisor to Mediterráneo Vida S.A., de Seguros y Reaseguros. Fenchurch Advisory Partners Limited acted as financial advisor to CNP Assurances SA. Stéphane Huten of Hogan Lovells acted as legal advisor to CNP Assurances SA. Vergez Carlos and Rafael Sáez of CMS Albiñana & Suárez de Lezo, S.L.P. acted as legal advisor to Mediterraneo Vida, S.A. de Seguros y Reaseguros.

Mediterráneo Vida S.A., de Seguros y Reaseguros completed the acquisition of CNP Partners de Seguros y Reaseguros, S.A from CNP Assurances SA (ENXTPA:CNP) for €130 million on December 29, 2022.