FRANKFURT: German insurer Allianz said on Sunday it would offer 5.7bil euros to buy out minority shareholders in its Italian subsidiary, Riunione Adriatica di Sicurta SpA (RAS).
The voluntary cash tender offer represented a 14% premium on RAS's average share price over the past six months, and would be funded by a mixture of equity, debt and internal funds, Allianz said.
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