Allianz explores taking Euler Hermes private: report
Allianz is eyeing an acquisition of the remaining shares in credit
insurer Euler Hermes, which are listed on the Euronext Paris stock
exchange, Bloomberg reported.
The Munich-based insurance giant already owns a 63 percent stake in
Euler Hermes, one of the three biggest trade credit insurers in the
world.
Allianz is reportedly being advised on acquiring the remaining
stake, which has a market value of around EUR1.5bn ($1.7bn),
sources told the newswire.
Discussions are ongoing and Allianz regula
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