Brief: Talanx Announces Ten-Year Cooperation Between Europa Group And Bank Millennium Through Bancassurance Agreement

Talanx AG

13/02/2023 18:57

Feb 13 (Reuters) - Talanx AG  TLXGn.DE :
    * TEN-YEAR COOPERATION BETWEEN EUROPA GROUP AND BANK
MILLENNIUM
THROUGH BANCASSURANCE AGREEMENT
    * PARTNERSHIP IS EXPECTED TO LAUNCH IN SECOND HALF OF 2023
    * TALANX - AS PART OF DEAL EUROPA GROUP IS ACQUIRING 80% OF 
THE
SHARES IN CO OWNED BY THE BANK FOR THE SALE OF LIFE  PROTECTION
AND NON-MOTOR PRODUCTS
    * TALANX - THE ULTIMATE CONSIDERATION IS STILL SUBJECT TO
CERTAIN
CLOSING ADJUSTMENTS AND EXPECTED TO AMOUNT TO APPROXIMATELY PLN
500 MILLION (EUR 104 MILLION)

Further company coverage:  TLXGn.DE 
 ((Reuters.Briefs@thomsonreuters.com;;))