Monterrey, Mexico
June 22,  2001

Savia, S.A. de C.V. (NYSE: VAI) (BMV: SAVIA) today announced that it has finalized the sale of the remaining outstanding shares of the subsidiary that holds Seguros Comercial America (BMV: SCA) to the Dutch company ING Insurance International B.V., for a total amount of US$791 million.

ING Group, headquartered in Amsterdam, the Netherlands, employs more than 100,000 people globally, operates in 65 countries and currently has total assets under management of US$453 billion. Its global focus is to provide integrated financial service solutions to its customers to meet their changing needs in this new millennium.

Seguros Comercial America, SEGCOAM, is Mexico's leading insurance company, offering a broad portfolio of products, including commercial insurance, risk coverage, property, life and health pensions, as well as other consumer financial products. 

Savia is a diversified group of companies strategically oriented toward leadership and the creation of value. Savia participates in industries that offer high growth potential in Mexico and abroad. Among its principal subsidiaries are Seminis, global leader in the production and marketing of fruit and vegetable seeds.

Company news release
N3603