Brazil insurer Sul America sells units to Allianz for 3 billion reais [Reuters]
ALLIANZ SE (AZSEY)
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Source: Reuters
Brazil insurer Sul America sells units to Allianz for 3 billion reais - Reuters 1 Min Read BRASILIA (Reuters) - Brazilian insurer Sul America SA ( SULA11.SA ) has sold its auto unit and other parts of its business to Germany’s Allianz SE ( ALVG.DE ) for 3 billion reais ($245 million), it said in a filing on Friday. Last month, Sul America said Allianz had made a non-binding offer for its property and casualty (P&C) and auto units, and that if an agreement was reached, Sul America’s operations would be concentrated in health, dental, life and pension insurance and asset management products. Reporting by Jamie McGeever All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Brazil insurer Sul America sells units to Allianz for 3 billion reais BRASILIA (Reuters) - Brazilian insurer Sul America SA ( SULA11.SA ) has sold its auto unit and other parts of its business to Germany’s Allianz SE ( ALV
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