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BRIEF-Allianz Says Consortium Of Insurers And Asset Managers To Acquire European Life Insurance Consolidator Viridium

Reuters
03-19
BRIEF-Allianz Says Consortium Of Insurers And Asset Managers To Acquire European Life Insurance Consolidator Viridium

March 19 (Reuters) - ALLIANZ SE ALVG.DE:

  • CONSORTIUM OF TOP-TIER INSURERS AND ASSET MANAGERS TO ACQUIRE LEADING EUROPEAN LIFE INSURANCE CONSOLIDATOR VIRIDIUM

  • CONSORTIUM OF TOP-TIER INSURERS AND ASSET MANAGERS TO ACQUIRE LEADING EUROPEAN LIFE INSURANCE CONSOLIDATOR VIRIDIUM

  • VIRIDIUM WILL CONTINUE TO OPERATE AS AN INDEPENDENT, STAND-ALONE PLATFORM FOR MANAGEMENT OF CLOSED LIFE INSURANCE PORTFOLIOS

  • TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2025

  • TRANSACTION VALUE AMOUNTS TO APPROXIMATELY EUR 3.5 BN

  • OWNERSHIP IS DISTRIBUTED AMONG CONSORTIUM MEMBERS AND FINANCIAL INVESTORS, WITH T&D HOLDINGS ACQUIRING LARGEST SHARE

Further company coverage: ALVG.DE

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))

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