Tuesday, October 23, 2012
Simpson Thacher represented Talanx Aktiengesellschaft (“Talanx”) as U.S. counsel in connection with its initial public offering of ordinary shares in Germany and Luxembourg and simultaneous Rule 144A and Regulation S offering. The offering raised approximately €517 million (approx. $674 million).
The IPO is the largest in Germany since November 2007.
Talanx is Germany’s third-largest insurer and holds a 50.2 percent stake in Hannover Re, the world's third-largest reinsurer. It trades on the Frankfurt Stock Exchange under the symbol “TLXGn.DE”. Based on the IPO price, the company is valued at around €4.6 billion (approx. $6.0 billion).
The Simpson Thacher team for the transaction included: Greg Conway, Mark Brod and Anais Fritz (Corporate) and Meredith Jones and Adam Wells (Tax).
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