German insurer bids for Brazilian firm’s auto and P&C portfolio

Allianz SE makes bid for Brazilian Sul América's auto and P&C portfolio

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Brazil-based insurer Sul América (SA) has received an indicative, non-binding offer for its automobile, and property and casualty insurance portfolio from German firm Allianz SE, according to a filing SA made to the Brazilian Securities and Exchange Commission this week.

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Allianz SE, Sul America, Merger & Acquisition, Automobile insurance, Property and Casualty Insurance, Brazil

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