Radar > 233537

Apollo Global Management receives extension of exclusive negotiations period to acquire Açoreana Seguros

Apollo Global Management teve prazo de negociações exclusivas para compra da Açoreana Seguros prolongado

Intel ID : 233537
Synopsis

Apollo Global Management, a US-based private equity firm, received an extension to the exclusive negotiations period to acquire a 48% stake in Açoreana Seguros, until 7 February 2016, as published by newspaper Jornal de Negócios on 2 February 2016.

German insurance company Allianz (FWB: ALV) and Portuguese insurance company Caravela could also be interested in this deal. (see related intel)

The seller is Oitante, a Portuguese public vehicle created to group non-performing assets, including those of Banif. (see related intel)
(content in portuguese)

A Apollo Global Management, private equity norte-americana, teria conseguido a prolongação o prazo de negociações exclusivas para adquirir os 48% da Açoreana Seguros até o dia 7 de fevereiro de 2016, segundo publicou o Jornal de Negócios em 2 de fevereiro de 2016.

A empresa de seguros alemã Allianz (FWB: ALV), a seguradora portuguesa Caravela seriam outras interessadas pela empresa portuguesa. (ver Intels relacionados)

A vendedora dos 48% da Açoreana Seguros é a Oitante, veículo público português criado para albergar os activos problemáticos do Banif entre eles. (ver Intel relacionado).

Bidder

Target

Portugal

Advisors

prospect

Seller

Oitante
Portugal

Intel ID 233537
Value ND
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.02.04 Life & Health Insurance
25 Financial Services / 25.02 Insurance

Secondary Sectors (TTRSC)
25.02.06 Property & Casualty Insurance
25 Financial Services / 25.02 Insurance

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.05 Corporate, Sovereign & Trade Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.