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Sul America SA (SULA11.SA)

SULA11.SA on Sao Paulo Stock Exchange

50.20BRL
10:32pm IST
Change (% chg)

R$ -0.90 (-1.76%)
Prev Close
R$ 51.10
Open
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Volume
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R$ 51.80
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R$ 23.37

Latest Key Developments (Source: Significant Developments)

Allianz Acquires Assets From Brazil’s Sul America
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Allianz SE ::ALLIANZ TO ACQUIRE AUTOMOBILE AND OTHER PROPERTY-CASUALTY OPERATIONS FROM SULAMÉRICA.TOTAL PREMIUM INCOME FROM THE ACQUIRED ENTITY TOTALED APPROXIMATELY 806 MILLION EUROS IN 2018.PURCHASE PRICE IS 3 BILLION BRAZILIAN REAL (667 MILLION EUROS).  Full Article

Germany's Allianz grows in Brazil with $734 million deal

BRASILIA/SAO PAULO Germany's insurer Allianz SE will acquire Brazil's Sul America SA auto and property insurance portfolio for 3 billion reais ($734 million) in its largest push into Latin America's biggest economy, it said in a statement on Friday.