Hannover, 15 July 2015
Meiji Yasuda informed Talanx AG today that it had reduced its shareholding in Talanx below the threshold of 5.0 percent of the share capital. Since the initial public offering of Talanx in October 2012, Meiji Yasuda has held 6.5 percent of the shares. Talanx and Meiji Yasuda are committed to continuation of their successful partnership in the international retail business. This approach has already yielded benefits in the two jointly acquired Polish insurers Warta and TU Europa. Meiji Yasuda has informed Talanx that it intends to retain a shareholding in the Group over the long term.
HDI V.a.G. continues to hold 79.0 percent of the shares and remains the long-term majority shareholder. As a result of the placement of Meiji Yasuda, the proportion of shares in free float will increase from 14.5 to 21.0 percent. The Talanx position in the MDAX is likely to be further strengthened due to the increased free float.
About Talanx
With premium income of EUR 29.0 billion (2014) and more than 21,300 employees, Talanx is one of the major European insurance groups. The Hannover-based Group is active in some 150 countries. Talanx operates as a multi-brand provider with a focus on B2B insurance. The Group's brands include HDI, which operates in Germany and abroad, the global industrial insurer HDI-Gerling, Hannover Re, one of the world's leading reinsurers, Targo Versicherungen, PB Versicherungen and Neue Leben, the latter all specialized in bancassurance, the Polish insurer Warta, and the financial services provider Ampega. The rating agency Standard & Poor's has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and the Hannover Re Group one of AA-/ stable (very strong). Talanx AG is listed on the Frankfurt Stock Exchange in the MDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).
You can find additional information by going to www.talanx.com.
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Andreas Krosta Tel.: +49 511-3747-2020
E-mail: andreas.krosta@talanx.com
Dr. Gesa Panetta Tel.: +49 511-3747-2748
E-mail: gesa.panetta@talanx.com
For Investor Relations please contact:
Carsten Werle, CFA Tel.: +49 511-3747-2231
E-mail: carsten.werle@talanx.com
Marcus Sander, CFA Tel.: +49 511-3747-2368
E-mail: marcus.sander@talanx.com
Disclaimer
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG's control, affect Talanx AG's business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement.
Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
