Allianz-led consortium to close $3.8 billion Viridium takeover next week, sources say

Reuters
2025/03/14
Allianz-led consortium to close $3.8 billion Viridium takeover next week, sources say

By Alexander Hübner

MUNCH, March 13 (Reuters) - An Allianz-led consortium is close to winning a bid for Germany's largest life insurance administrator Viridium, being sold by financial investor Cinven in a 3.5 billion euros ($3.80 billion) deal expected to be finalised next week, two industry sources said on Thursday.

Allianz ALVG.DE will acquire 25% stake in Viridium, the source said, adding that the consortium also includes U.S. asset manager Blackrock BLK.N, Japanese life insurer T&D 8795.T and Italian insurer Generali GASI.MI, which also holds a 10% stake in Viridium.

Hannover Re, which founded Viridium together with Cinven, will sell all or part of its stake, according to Versicherungsmonitor industry service which reported the news first.

Hannover Re Chief Financial Officer Clemens Jungsthoefel on Thursday said a potential deal would have no significant impact on the company's earnings.

Allianz and Cinven declined to comment on the news.

Blackrock and T&D were not immediately available for comment.

($1 = 0.9214 euros)

(Writing by Riham Alkousaa;Editing by Elaine Hardcastle)

((Riham.Alkousaa@thomsonreuters.com;))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10