M&A Activity • Aug 20, 2013
M&A Activity
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Corporate | 20 August 2013 12:30
Hannover Re plans financial investment
Hannover Rück SE / Key word(s): Miscellaneous
20.08.2013 / 12:30
Press release
Hannover Re plans financial investment
Hannover, 20 August 2013: An article published in a UK newspaper reported on the impending sale of Heidelberger Leben. Hannover Re was mentioned in this connection as a possible buyer. The price to be paid was put in the region of EUR 400 million.
Hannover Re can confirm that it is involved in the sale process. However, its financial investment will be of an indirect nature consisting of a minority interest that will not exceed an amount in the double-digit million euros.
In view of the fact that negotiations are still ongoing, the company is currently unable to provide any further details in this regard.
For further information please contact:
Corporate Communications:
Karl Steinle (tel. +49 511 5604-1500,
e-mail: [email protected])
Media Relations:
Gabriele Handrick (tel. +49 511 5604-1502,
e-mail: [email protected])
Investor Relations:
Axel Bock (tel. +49 511 5604-1736,
e-mail: [email protected])
Please visit: www.hannover-re.com
Hannover Re , with a gross premium of EUR 13.8 billion, is the third-largest reinsurer in the world. It transacts all lines of non-life and life and health reinsurance and is present on all continents with around 2,300 staff. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor’s AA- ‘Very Strong’ and A.M. Best A+ ‘Superior’).
Please note the disclaimer:
www.hannover-re.com/misc/disclaimer-pr-050811
End of Corporate News
20.08.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | Hannover Rück SE |
| Karl-Wiechert-Allee 50 | |
| 30625 Hannover | |
| Germany | |
| Phone: | +49-(0)511-5604-1500 |
| Fax: | +49-(0)511-5604-1648 |
| E-mail: | [email protected] |
| Internet: | www.hannover-re.com |
| ISIN: | DE0008402215 |
| WKN: | 840 221 |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Terminbörse EUREX |
| End of News | DGAP News-Service |
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| 226618 20.08.2013 |
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