T&D to invest in Viridium, expanding European portfolio
T&D Holdings, through its subsidiary T&D United Capital, will invest roughly ¥120 billion (approximately 730 million USD) to acquire a 29.9% stake in Viridium Group, a German life insurance holding company. The consortium will collectively own Viridium, with T&D becoming the largest stakeholder. Viridium manages approximately 3.4 million insurance contracts and operates as an independent platform for closed book life insurance businesses, with assets totaling nearly €70 billion. The transaction, valued at €3.5 billion, will position Viridium for further growth in the European market, offering stable returns to shareholders. The deal is subject to regulatory approvals and is expected to close in the second half of 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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