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Home > Company Index > Insurance > Multiline Insurance > Savia, S.A. de C.V.

Savia, S.A. de C.V.
NYSE: VAI
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 NEWS FROM THE WIRES
Mexico's Savia could be sold to pay off debt-paper
Aug 13 2001 10:56 AM PDT

More WIRE STORIES about this company

 PROFILE
Financial services and "Frankenfoods"? Savia is a hybrid all its own. The company was formed from the merger between Empresas La Moderna (ELM), an agro-biotechnology firm, and Seguros Comercial America (Segcoam), a Mexican insurance and nonbanking financial services firm. Savia subsidiary Bionova, genetically engineers fruits and vegetables and distributes produce in North America. Other subsidiaries are Seminis, a fruit and vegetable seed supplier, and packaging unit Empaques Ponderosa. Segcoam offers property/casualty, life, and health insurance as well as other financial services. Savia is a part of Grupo Pulsar. Dutch financial giant ING Group has a 49% stake in Segcoam.

 COMPETITION
Novartis AG (NVS)
Pharmacia Corporation (PHA)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 3,211.00
1-Yr. Sales Growth: 20.3%

 KEY PEOPLE
• Alfonso Romo Garza
    CEO
• Ruben Martinez Donde
    CFO

 CONTACT INFO
Ave. Batallon de San Patricio No. 111, 4th Fl., Col. Valle Oriente
66269 San Pedro Garza Garcia Nuevo Leon, Mexico
Phone: 52-8-399-0830
Fax: 52-8-399-0858
Online: Web Site

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