Allianz moves to complete Euler Hermes buyout

Deal

Allianz has bought a further 11.34% of trade credit insurer Euler Hermes for a price of 122 euros per share in cash.

The deals takes Allianz’s stake in the business to 74.34%.

Allianz confirmed that it will be making a cash offer at the same price to buyout the remaining shares.

The offer marks a premium of 20.7% on the Euler Hermes share closing price on 24 November.

Euler Hermes’ supervisory board “welcomed the principle of such an offer by Allianz” and has set up a committee to give a

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