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Coface: announces acquisition in Norway

( - On Wednesday evening Coface announced the acquisition of IIEK Kredittforsikring, a company specialised in the management of short-term credit insurance and export credit insurance.

This company was previously owned by the Norwegian Ministry of Trade, Industry and Fisheries.

"Coface has acquired all GIEK Kredittforsikring AS shares, and the business will thus operate under the brand name Coface GK. In 2019, GIEK Kredittforsikring AS recorded a total of around E9m (NOK99m) of gross written premiums with a portfolio that is widely focussed on export policies," the company said.

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