Allianz to delist Euler Hermes on 27 April


Allianz has announced that it will delist Euler Hermes from the Euronext Paris stock exchange on 27 April 2018.

The German provider currently holds 94.91% of the trade credit insurer’s share capital.

Remaining shareholders will be paid €122 (£106.7) per share.

In November last year Allianz bought 11.34% of Euler Hermes’ shares, also for €122 each, and confirmed that it would be making a cash offer at the same price to buyout the remaining shares.

At that time it owned 74.34% of the business

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