Hannover Re Plans Small Financial Investment in Heidelberger Leben
August 20 2013 - 6:18AM
Dow Jones News
Germany's Hannover Re AG (HNR1.XE) Tuesday said it plans a small
financial investment in German life insurer Heidelberger Leben,
which is currently owned by Lloyds Banking Group PLC (LLOY.LN).
Its investment won't exceed a double-digit million euros amount,
the reinsurer said.
MAIN FACTS:
-Hannover Re, which was mentioned in the UK press as a possible
buyer of Heidelberger Leben, confirmed it is involved in the sales
process.
-Its financial instrument will be of indirect nature, consisting
of a minority interest of a double-digit million euros maximum.
-Total price mentioned in UK press was EUR400 million.
-Write to the Frankfurt Bureau at
djnews.frankfurt@dowjones.com
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