Talanx extends LatAm footprint

Talanx extends LatAm footprint

Talanx is acquiring a majority stake in Inversiones Magallanes for €180m ($220m) as part of a drive to expand in Latin America, the German insurer said on Friday. Talanx has agreed with Magallanes’ majority shareholder to buy its stake, and will offer a public tender offer for the remainder. It plans to finance the deal from its equity capital. Chilean conglomerate Empresas Nalac controls 70.9% of Inversiones Magallanes, according to company documents. Talanx already offers insurance servi

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