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Sul America SA (SULA11.SA)

SULA11.SA on Sao Paulo Stock Exchange

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Fri, Aug 23 2019

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.

UPDATE 1-Germany's Allianz grows in Brazil with $734 mln deal

BRASILIA/SAO PAULO, Aug 23 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.

CORRECTED-Brazil insurer Sul America sells units to Allianz for 3 bln reais

BRASILIA, Aug 23 Brazilian insurer Sul America SA has sold its auto unit and other parts of its business to Germany's Allianz SE for 3 billion reais ($734 million), it said in a filing on Friday.

Brazil insurance firm Sul America receives offer for P&C, auto units from Allianz

RIO DE JANEIRO, July 2 Brazilian insurer Sul America SA has received a non-binding offer from Germany's Allianz SE for its property and casualty (P&C) and auto units, it said in a filing on Tuesday, adding that the two companies are in bilateral talks.

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