Quálitas increased 100% its stake in its El Salvador
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Mexico City, July 20, 2011. Quálitas increased 100% its stake in its El Salvador subsidiary Quálitas (Q) launched its international expansion program through its subsidiary Quálitas Compañía de Seguros, S.A. (QES) in El Salvador. Such company was founded in partnership with an internationally recognized financial firm. Q decided to acquire the 50% of QES’ equity owned by this financial firm to increase its stake to 100% of the subsidiary’s equity. This will benefit both parties; they will keep a business relationship in countries where Q operates. QES began operations in December 2008. As of March 31, 2011, it has 7,721 insured vehicles, operations in 3 cities and a market share of 7.8%. Contacts in Quálitas: Mariana Cornejo Investor Relations [email protected] T: +52 (55) 5002-5374 Alejandro Meléndez Investments and Investor Relations [email protected] T: +52 (55) 5002-5875
