Allianz Trade to acquire remaining stake in Portuguese credit insurer

France-based trade credit insurance specialist Allianz Trade is increasing its stake in Portugal-based credit insurer Companhia de Seguro de Creditos S.A. from 50% to 100% by purchasing the remaining stake from Portuguese bank Banco BPI S.A., Verdict reported. Cosec became a joint venture between Allianz Trade and Banco in 2007. The move is a part of Allianz Trade’s strategy to reinforce its footprint in southern Europe.