ERGO Group AG , a subsidiary of Swiss ##com , has sold its Russian life insurance business to domestic company Total . The deal will see the new owners take complete control of the company 's shares , workforce , client portfolio and IT systems . “For us, the agreement is another logical step to further drive our international business optimisation strategy.” In a statement , ERGO said it will continue to reassess the performance of its international operations , which operate in over 30 countries , opening the possibility that further parts of its operation could be sold .
ERGO Group AG , a subsidiary of Swiss ##com , has sold its Russian life insurance business to domestic company Total . The deal will see the new owners take complete control of the company 's shares , workforce , client portfolio and IT systems . In a statement , ERGO said it will continue to reassess the performance of its international operations , which operate in over 30 countries , opening the possibility that further parts of its operation could be sold .