Lebensversicherungen: R+V Versicherung bläst Verkauf von Tochtergesellschaft Condor Leben ab
Der Genossenschaftskonzern will 219.000 Lebensversicherungsverträge nun doch weiterführen und nicht an den Investor Acathia Capital veräußern.
In a surprising turn of events, the insurance company R+V Versicherung has decided not to sell its subsidiary Condor Leben to the investment firm Acathia Capital. A spokesperson for the company confirmed that talks about the sale had reached an impasse and no outcome could be reached. The R+V Versicherung, a mutual insurance company, does not intend to seek an alternative buyer.
The company's decision was reached after considering all options, according to the spokesperson, and they affirmed this through a statement agreeing with a report from the Insurance Monitor.
The R+V Versicherung plans to continue managing approximately 219,000 life insurance policies from Condor within its own group. In March, the R+V Versicherung had signed a letter of intent to sell Condor Leben to Acathia Capital, as reported exclusively by the Handelsblatt. At that time, the company viewed a sale as advantageous as it aimed to concentrate on its core brand and the process of migrating outdated insurance assets to newer IT systems was relatively costly.
The parties had initially anticipated finalizing the deal in the second or third quarter. However, neither party was willing to provide any reasons as to why the negotiations had failed.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
