Athora raises €2.75bn of equity capital

Written by Adam Cadle

15/12/2022

Athora has completed its third capital raise, securing a total of approximately €2.75bn of additional permanent equity capital commitments from new and existing shareholders, including commitments of over €2bn announced on 2 November 2022.

The capital raise has been conducted as a private placement of common equity securities.
This year, Athora has been selected as the preferred bidder for a closed-life portfolio from AXA Germany and completed the acquisitions of Athora Italia and a closed-life portfolio from NN Insurance Belgium.

Since its inception in 2018, Athora has raised circa €6.75bn of total equity capital. The additional undrawn capital will allow Athora to continue to execute its growth strategy, further establishing scaled positions in key European markets.

Mike Wells, Athora Group CEO, commented: “The completion of this capital raise will allow Athora to further enhance its position as a leading European savings and retirement services group, and demonstrates the strength of our business model and growth strategy.”

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