Allianz Portugal Buys Caravela in a €150 Million Deal, Becoming the Country's Fourth-Largest Non-Life Insurer
Allianz Portugal has agreed to buy 100 percent of non-life insurer Caravela in a deal reported at around €150 million, lifting its market share to 6.4 percent and making it Portugal's fourth-largest non-life insurer and third in motor cover. The ASF and Competition Authority must still approve.