March 19 (Reuters) - ALLIANZ SE:

* CONSORTIUM OF TOP-TIER INSURERS AND ASSET MANAGERS TO

ACQUIRE

LEADING EUROPEAN LIFE INSURANCE CONSOLIDATOR VIRIDIUM

* CONSORTIUM OF TOP-TIER INSURERS AND ASSET MANAGERS TO

ACQUIRE

LEADING EUROPEAN LIFE INSURANCE CONSOLIDATOR VIRIDIUM

* VIRIDIUM WILL CONTINUE TO OPERATE AS AN INDEPENDENT,

STAND-ALONE

PLATFORM FOR MANAGEMENT OF CLOSED LIFE INSURANCE PORTFOLIOS

* TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2025

* TRANSACTION VALUE AMOUNTS TO APPROXIMATELY EUR 3.5 BN

* OWNERSHIP IS DISTRIBUTED AMONG CONSORTIUM MEMBERS AND

FINANCIAL

INVESTORS, WITH T&D HOLDINGS ACQUIRING LARGEST SHARE

Further company coverage:

(Gdansk Newsroom)