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HVRRY Hannover Rueckversicherung SE (PK)

41.80
0.11 (0.26%)
Last Updated: 17:28:28
Delayed by 15 minutes
Name Symbol Market Type
Hannover Rueckversicherung SE (PK) USOTC:HVRRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.11 0.26% 41.80 41.67 41.86 41.80 41.57 41.57 1,669 17:28:28

Hannover Re Plans Small Financial Investment in Heidelberger Leben

20/08/2013 12:18pm

Dow Jones News


Hannover Rueckversicherung (PK) (USOTC:HVRRY)
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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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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