Talanx announced it plans on selling its 25% stake in C-Quadrat Investment AG to British Cubic Limited for EUR 42 a piece. The deal is subject to regulatory approvals. Talanx expects the sale to boost its net profit by EUR 25 million.

However, the transaction is not expected to have significant effects on the company's full-year outlook and net profit in the full 2016 is still expected to amount to more than EUR 700 million.