HDI International buys Sompo’s retail business in Brazil
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

HDI International buys Sompo’s retail business in Brazil

Luke Harrison
May 24, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
HDI Brazil.png

HDI International, a subsidiary of Talanx Group, has acquired the retail business of Sompo Seguros for BRL 1.1bn ($220mn), which the company said would strengthen its market position in Brazil and enable HDI Seguros to gain scale in motor and diversify into non-motor P&C and life protection.

The purchase price payment is subject to certain closing account and other adjustments, and may be changed up or down based on certain performance-based criteria after closing.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News M&A
LH
Luke Harrison
Gift this article