UNI - EN REPORT No2/2014
Talanx AG has sold its shareholding of 5.03 % in Swiss Life Holding held through Talanx Finanz (Luxemburg) S.A. by way of a block trade for a price of CHF 217 per share. An extraordinary balance-sheet gain was generated through this disposal amounting to €214m in accordance with IFRS.
This extraordinary gain will not exert any material effects on the Group net income for 2014. Rather, the Board of Management intends to take a series of measures for recognising risk provision in the balance sheet specifically in relation to the companies of the Retail Germany Division in the annual financial statements for 2014.
