Reuters logo
Allianz announces plans to buy rest of Euler Hermes
November 27, 2017 / 6:53 AM / 18 days ago

Allianz announces plans to buy rest of Euler Hermes

FRANKFURT, Nov 27 (Reuters) - German insurer Allianz has announced plans to buy the shares in credit insurer Euler Hermes it does not yet own by offering investors 122 euros ($145.47) per share in cash.

It has already entered into a share purchase agreement with shareholders representing 11.3 percent of Euler Hermes stock, which will take its holding to 74.3 percent of shares, Allianz said in a statement on Monday. ($1 = 0.8386 euros) (Reporting by Maria Sheahan; editing by Francois Murphy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below