Brief: Allianz Says Consortium Of Insurers And Asset Managers To Acquire European Life Insurance Consolidator Viridium

Hannover Rueck SE

19/03/2025 11:40

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)

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