Allianz has agreed to acquire the automobile and other P&C operations of Brazilian insurer SulAmérica for 3bn Brazilian real ($734mn).
Allianz to expand in Brazil with $734mn SulAmérica acquisition
![allianz-flags-2.jpg](https://assets.euromoneydigital.com/dims4/default/50cde1b/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fa6%2F3c%2F8bb5c722da4e754c1d957f67545f%2Fallianz-flags-2.jpg)
Allianz has agreed to acquire the automobile and other P&C operations of Brazilian insurer SulAmérica for 3bn Brazilian real ($734mn).