Announced
Luko to acquire Coya.
Synopsis
Luko, a European insurtech company, agreed to acquire Coya, an insurance license firm. Financial terms were not disclosed. Luko is acquiring German startup Coya in order to grow its European presence and get an insurance license from German regulators. Coya will be renamed Luko Insurance AG and will retain its headquarters in Berlin, with other Luko Group offices in Paris and Madrid.
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