Morgan Stanley acted as Sole Bookrunner and Global Coordinator for the offering. The shares were placed at a price of €28.50 per share with total proceeds for Talanx of approx. €708 million.
Talanx has achieved its long term target holding of just over 50% in Hannover Re in line with its strategy.
Talanx is one of the largest insurers in Germany. Its operations encompass life insurance, property/casualty insurance and reinsurance as well as financial services. Talanx, headquartered in Hanover, is active in 150 countries and employs 8,500 staff worldwide.
