Talanx buys Liberty Mutual's Latin America business for 1.38 billion euros
27/05/2023 10:30
May 27 (Reuters) - Germany's Talanx TLXGn.DE said on
Saturday it had acquired Liberty Mutual Insurance's Latin
America business for about 1.38 billion euros ($1.52 billion),
through its subsidiary HDI International.
"The acquisition encompasses Liberty's retail business in
Brazil, Chile, Colombia and Ecuador," Talanx said, adding that
the transaction is expected to close in the first half of 2024.
($1 = 0.9084 euros)
(Reporting by Bharat Govind Gautam in Bengaluru; Editing by
Alison Williams)
((BharatGovind.Gautam@thomsonreuters.com;))