Reported about 19 hours ago
A consortium comprising Allianz, BlackRock, and T&D Holdings is set to acquire a 3.5 billion euro stake in Viridium Group, leading to Cinven's exit as a majority investor. Viridium specializes in purchasing existing life insurance portfolios and will maintain its independent operations. T&D will become the largest shareholder, while current investors Generali and Hannover Re will continue as shareholders. The deal has been under negotiation for several months.
Source: YAHOO