Allianz to acquire a 72% stake in European Reliance for $235m.

Synopsis

Allianz, a German multinational financial services company, agreed to acquire a 72% stake in European Reliance, a Greek insurer, for $235m. The deal is structured as a tender offer which will launch after Bank of Greece approves the deal.

Principals

target

European Reliance

bidder

Allianz Group

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Market Context

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Seller Team (1)

christos georgakopoulos

CEO at EUROPEAN RELIANCE

Manager

target

Deal

£ 171 M

Total Value

Bidder Team (1)

oliver bäte

Chairman and CEO at ALLIANZ GROUP

Manager

bidder

Deals

£ 7.05 B

Total Value

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