Extracted Insight

  • Allianz SE has submitted an offer and is in advanced discussions to acquire Portuguese insurer Caravela Seguros.
  • Caravela is estimated to be valued at approximately €150 million.
  • London‑based Toscafund, which holds a 48 % stake in Caravela, has hired Mediobanca to advise on selling its stake.
  • More than 20 other investors are also planning to sell their holdings in Caravela.