Brief: Talanx Says Strategic Partnership Between Talanx AG And Meiji Yasuda Life Insurance Company Will Expire On 31 December 2025

Talanx AG

20/12/2024 14:50

Dec 20 (Reuters) - TALANX AG  TLXGn.DE :
    * STRATEGIC PARTNERSHIP BETWEEN TALANX AG AND MEIJI YASUDA
LIFE
INSURANCE COMPANY WILL EXPIRE ON 31 DECEMBER 2025
    * STRIVES FOR FULL TAKEOVER OF MINORITY SHARES IN
TOWARZYSTWO
UBEZPIECZEŃ I REASEKURACJI WARTA S.A. AND TOWARZYSTWO
UBEZPIECZEŃ EUROPA S.A.
    * PURCHASE PRICE FOR BOTH SHARES WOULD AMOUNT TO A
MID-TRIPLE-DIGIT MILLION EURO AMOUNT IF EITHER PARTY EXERCISES
OPTION AND WOULD BE PAYABLE IN Q1 OF FINANCIAL YEAR 2026
    * GROUP'S SHARE IN NET INCOME OF TWO COMPANIES WOULD
INCREASE BY A
MID DOUBLE-DIGIT MILLION EURO AMOUNT AS A RESULT OF ACQUISITION
OF MINORITY INTERESTS
    * PURCHASE PRICE FOR SHARES TO BE MID-TRIPLE-DIGIT MILLION
EUROS
    * MANAGEMENT BOARD OF TALANX AG CURRENTLY ASSUMES THAT
REMAINING
SHARES IN WARTA AND TU EUROPA WILL BE ACQUIRED COMPLETELY ON
THIS BASIS

Source text:  ID:nEQ65QhHma 
Further company coverage:  TLXGn.DE 

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