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BUCHAREST (Romania), November 24 (SeeNews) - Romanian insurer Allianz-Tiriac said on Wednesday that it expects to complete the integration of local peer Go
Allianz-Tiriac Asigurari and Gothaer Group announce the signing of a purchase agreement regarding the takeover of Gothaer Asigurari Reasigurari, this being the first acquisition of an insurance company made by Allianz-Tiriac after more than 25 years of organic growth.
The completion of the transaction is subject to the approval of the Financial Supervisory Authority and the Competition Council. The value of the transaction is confidential.
“After 25 years of exclusively organic growth, Allianz-Tiriac opens a new chapter in its success story. This acquisition is a proof of Allianz-Tiriac’s stability in a period full of challenges for businesses, as well as a proof of Allianz-Tiriac shareholders’ commitment to Romania. Gothaer Asigurari Reasigurari, a company that has built a strong reputation and a balanced portfolio in its 8 years activity in the local market, will be a good growth engine for Allianz-Tiriac. Allianz-Tiriac maintains its development plans and remains open to n