Achmea announces partial share buyback
Today, Achmea announces the intention to repurchase and acquire ordinary shares in its share capital for an amount of approximately €131 million. It is the intention of Achmea to buy out minority shareholders Fundo de Pensões de Grupo Banco Comercial Português as well as Stichting Beheer Aandelen Achmea. The proposed share buyback will simplify the shareholders structure.
Achmea Group’s solvency ratio was robust at a level of 211% at the end of the second quarter of 2021. This share buyback will have an impact of 2 percentage points, leading to a pro forma solvency ratio of 209%.
The transaction is subject to a number of conditions including corporate and regulatory approvals. Approval for the transaction by Achmea’s General Meeting is scheduled for mid-December 2021, with an aim for completion by the end of December 2021.