Corporate News

Talanx sells subsidiary companies in Bulgaria and Ukraine to Euroins

The Talanx Group is selling its subsidiary companies in Bulgaria and Ukraine at a price in the middle single-digit million euro range to the Bulgarian insurance group Euroins.​​​​​​​​​​

The two companies being sold are HDI Zastrahovane AD in Bulgaria with gross premium income converted to euros amounting to EUR 13 million (2013) and HDI Strakhuvannya in Ukraine with gross premium income converted to euros of EUR 16 million (2013). The cumulative EBIT of the two companies was around one million euros in the business year 2013.

The sale of the two companies enables Talanx to streamline its portfolio in Eastern Europe in the Retail International Division.


This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.