Majority shareholder Rolf Gerling and substantial shareholder Deutsche Bank are planning to sell their shares in the Gerling group.
However, Deutsche Bank is said to be interested in acquiring Gerling NCM, the Gerling group's credit insurance subsidiary.
Meanwhile, HDI, the German insurer, is to resume talks this week with representatives of the owners of rival Gerling-Konzern, according to sector circles. HDI is reported to be interested in acquiring Gerling Allgemeine, the group's non-life arm, and Gerling Leben, its life assurance subsidiary. It is believed that HDI would merge the two Gerling subsidiaries with its own operative subsidiaries, under the roof of holding company Talanx.
No decision has yet been reached by HDI, however, for, according to company sources, some questions still remain open. HDI is reported not to have revised its valuation of 1bn euros for the Gerling subsidiaries, published in January this year.
