Zurich Financial Services Group completes sale of majority interest in ZC Sterling Corporation
Zurich, July 1, 2005 – Zurich Financial Services Group (Zurich) announced the completion of the sale of its equity stake of about 94% in ZC Sterling Corporation to Trident III, L.P., after receiving all approvals of the relevant authorities. This transaction was announced on May 24, 2005. Both parties agreed to keep the value of the transaction confidential.
Zurich Financial Services is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. Zurich has offices in more than 50 countries and employs about 57,000 people.