Allianz moves in further on Euler Hermes
Latest investment takes Allianz's outlay up to €1.5bn.
Allianz has increased its shareholding in trade credit insurer Euler Hermes to 92.43%.
In November last year Allianz began to position itself for a full Euler Hermes buyout with the acquisition of 11.34% of shares taking its stake to 74.34%.
Allianz has increased its stake in Euler Hermes share capital by 29.43% since November, representing a total investment of approximately €1.5bn (£1.34bn).
Exposure
The insurer said the deal “raises its exposure to the world’s largest trade credit insurer”
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