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A group of major insurers and asset managers are to acquire Cinven’s majority stake in German closed-book life consolidator Viridium, in a deal valued at €3.5bn ($3.8bn).

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A consortium including Allianz, BlackRock and T&D Holdings will acquire ownership of Viridium Group (Viridium), a leading ...

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(Alliance News) - Allianz SE and BlackRock Inc on Wednesday said they were part of a consortium that has agreed to purchase European life insurance consolidator Viridium Holding AG.