Allianz in advanced negotiations to acquire Portugal’s Caravela – report
Key takeaways
- Allianz in advanced negotiations to acquire Portugal’s Caravela – report.
- Sources privy to the development said Allianz is in talks with Caravela’s shareholders over a potential transaction.
- Toscafund, based in London, holds 48% of Caravela and has appointed Mediobanca to advise on the sale of that holding, Bloomberg News reported in January.
Allianz in advanced negotiations to acquire Portugal’s Caravela – report. A deal would add to Allianz’s non-life business in Portugal. Credit: Robson90/Shutterstock.com. · Life Insurance International · Robson90/Shutterstock.com. Vidhya Edwards Munnangi Mon, June 8, 2026 at 4:25 PM GMT+7 2 min read ALV.DE MB.MI Allianz is holding advanced discussions on a possible purchase of Portuguese insurer Caravela Seguros after making an approach for the business, according to the Jornal Económico.
Sources privy to the development said Allianz is in talks with Caravela’s shareholders over a potential transaction. They said the process is continuing but cautioned that the discussions may still end without a formal bid.
Toscafund, based in London, holds 48% of Caravela and has appointed Mediobanca to advise on the sale of that holding, Bloomberg News reported in January.