Euler Hermes confirms its presence in Portugal

(Paris, 14/05/2009)

Euler Hermes took note of the Portuguese Prime minister’s statement regarding his government’s wish to make an offer to acquire Cosec. Cosec is currently equally owned by Euler Hermes and Portuguese bank BPI.

Euler Hermes, which is present in Portugal has a long term perspective and informed the Portuguese government that it was not contemplating selling its shares. However Euler Hermes is willing to support any solution the local government may consider in order to help Portuguese companies.


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