TALANX AKTIENGESELLSCHAFT (FRA:TLX) EQS-Adhoc: Talanx Aktiengesellschaft: Talanx AG signs purchase agreement for the acquisition of Liberty Mutual Insurance Inc.'s Latin American business by HDI International AG
Transparency directive : regulatory news
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EQS-Ad-hoc: Talanx Aktiengesellschaft / Key word(s): Acquisition Talanx Aktiengesellschaft Disclosure of an inside information acc. to Article 17 MAR of the Regulation Talanx AG signs purchase agreement for the acquisition of Liberty Mutual Insurance Inc.'s Latin American business by HDI International AG
Hannover, 27.05.2023: Today, Talanx AG, through its subsidiary, HDI International AG, entered into a purchase agreement to acquire the Latin American business of Liberty Mutual Insurance Inc. ("Liberty"). Subject to customary adjustment clauses, the purchase price amounts to approximately EUR 1.38 billion (approximately 1.48 billion). The acquisition encompasses Liberty's retail business in Brazil, Chile, Colombia and Ecuador and records gross written premiums of approximately EUR 1.7 billion. The transaction is subject to approval by the relevant governmental and regulatory authorities and is expected to close in the first half of 2024. Talanx AG The Management Board
Contact: Bernd Sablowsky Head of Investor Relations HDI-Platz 1 30659 Hannover Tel: +49 511 3747 2793 End of Inside Information
27-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Talanx Aktiengesellschaft |
| HDI-Platz 1 | |
| 30659 Hannover | |
| Germany | |
| Phone: | +49 511 3747 2227 |
| Fax: | +49 511 3747 2286 |
| E-mail: | ir@talanx.com |
| Internet: | www.talanx.com |
| ISIN: | DE000TLX1005 |
| WKN: | TLX100 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1643529 |
| End of Announcement | EQS News Service |
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1643529 27-May-2023 CET/CEST