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New Deal


Announced

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

Financials

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Transaction Value£171m
Consideration TypeCash
Capital Owned-
Capital Bid For72%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Friendly

insurance company

Cross Border

Greece

Insurance Brokers

Acquisition

Pending

Tender Offer

Public

Synopsis

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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.

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