Allianz launches takeover bid for Euler Hermes
Allianz will aim to buy the remaining portion of Euler Hermes for €1.85bn (£1.65bn).
The German insurer said it was a “logical step” to increase its stake in the French credit insurance firm.
Allianz has already struck a deal to buy 11.3% of Euler Hermes stock for €122 per share
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