France's CNP and Brazil's Caixa seal $1.7 billion insurance deal

France's CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 b...

FILE PHOTO: A view shows the company logo of Caixa Economica Federal bank in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares

Earlier on Thursday, Reuters reported that the companies would create a joint venture with Caixa insurance unit Caixa Seguridade holding a 60% stake and CNP owning the rest.

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