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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| UnipolSai SpA | BIT:US | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Dec 2019 to Dec 2024
By Jan Hromadko
FRANKFURT--German insurer Allianz SE (ALV.XE) said over the weekend it has agreed to acquire the property and casualty business of Italian rival UnipolSai SpA (US.MI) in a transaction worth up to 440 million euros ($612 million).
Allianz said the deal will boost its market share in "a very mature but highly profitable market".
Under the transaction, Allianz will purchase a business with EUR1.1 billion in premiums. It includes 729 agencies, 500 employees and some 1.5 million customers in Italy, the company said.
The acquisition is subject to anti-trust approval, Allianz said.
Write to Jan Hromadko at jan.hromadko@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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