Announced
Allianz to acquire a 72% stake in European Reliance for $235m.
Financials
Transaction Value£171m
Consideration TypeCash
Capital Owned-
Capital Bid For72%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Tags
Majority
Single Bidder
Friendly
insurance company
Cross Border
Greece
Insurance Brokers
Acquisition
Pending
Tender Offer
Public
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.
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