Brief: Talanx Successfully Completes Acquisition Of Liberty Seguros in Brazil

Talanx AG

24/11/2023 06:35

Nov 24 (Reuters) - TALANX AG  TLXGn.DE :
    * TALANX SUCCESSFULLY COMPLETES ACQUISITION OF LIBERTY
SEGUROS IN
BRAZIL
    * BASED ON RESULTS FOR FULL YEAR 2022, HDI EXPECTS GROSS
WRITTEN
PREMIUMS IN BRAZIL TO INCREASE BY AT LEAST EUR 1.1 BILLION.
    * TRANSACTION ALSO INCLUDES LIBERTY SPECIALTY MARKETS DIRECT
INSURANCE BUSINESS IN BRAZIL.
    * HDI INTERNATIONAL WILL CONSOLIDATE RESULTS OF ACQUIRED
ENTITY
WITH EFFECT FROM CLOSING OF ACQUISITION FOR Q4 OF 2023
    * PURCHASE OF OTHER LIBERTY MUTUAL COMPANIES IN CHILE,
COLOMBIA
AND ECUADOR REMAINS SUBJECT TO SATISFACTION OF CUSTOMARY CLOSING
CONDITIONS, INCLUDING RECEIPT OF REGULATORY APPROVALS, AND IS
EXPECTED TO CLOSE IN FIRST HALF OF 2024

Further company coverage:  TLXGn.DE 

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