Insight and Intelligence on the London & International Insurance Markets

25 April 2018

Search archive

Allianz cleared for EUR1.1bn Euler Hermes tender offer

Catrin Shi 12 January 2018

Allianz will open the tender offer for the remaining shares in trade credit insurer Euler Hermes after it was granted approval from the French markets regulator AMF.

The firm announced in December that it planned to acquire the 24.2 percent Euler Hermes stake Allianz did not already own at a price of EUR122 per share.

Allianz has since acquired almost 1.6 million shares in Euler Hermes through an off-market transaction at the EUR122 per share offer price, leaving just 20.6...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π