Allianz Said to Explore Buying Rest of France's Euler Hermes

Allianz SE is exploring a plan to take Euler Hermes Group private, buying the shares it doesn’t already own in the French trade-credit insurer, according to people familiar with the matter. Euler Hermes stock gained the most in more than four years.

The German firm, which already owns about 63 percent of Euler, is speaking to advisers about acquiring the remaining stake, which has a market value of about 1.5 billion euros ($1.7 billion), the people said, asking not to be identified because the deliberations are private. Discussions are ongoing and Allianz regularly reviews the holding, but no final decision has been made, they said.