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Zurich takes remaining stake in NASTA Insurance for £137m

Zurich Financial Services Group completed its acquisition of the remaining 34 per cent minority stake in OOO NASTA Insurance Company for £137m.

The full acquisition comes after the Zurich group acquired a 66 per cent majority stake in NASTA, renamed Zurich Retail Insurance Ltd, in February last year with an agreed path to 100 per cent ownership by 2010.

Zurich Retail Insurance is now the largest foreign controlled general insurer exclusively operating under an international brand in the Russian market.

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