HVRRY Hannover Rueckversicherung SE (PK)

Germany's Hannover Re AG (HNR1.XE) Tuesday said it plans a small financial investment in German life insurer Heidelberger Leben, which is currently owned by Lloyds Banking Group PLC (LLOY.LN).

Its investment won't exceed a double-digit million euros amount, the reinsurer said.

MAIN FACTS:

-Hannover Re, which was mentioned in the UK press as a possible buyer of Heidelberger Leben, confirmed it is involved in the sales process.

-Its financial instrument will be of indirect nature, consisting of a minority interest of a double-digit million euros maximum.

-Total price mentioned in UK press was EUR400 million.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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