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ALV Allianz AG

265.00
1.70 (0.65%)
10 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Allianz AG TG:ALV Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.70 0.65% 265.00 264.70 265.30 267.30 263.80 264.00 76,364 22:50:03

Allianz Seeks Sale of Stake in Fintech N26 at Discounted Valuation, FT Reports

19/04/2023 7:16am

Dow Jones News


Allianz (TG:ALV)
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--Allianz SE's venture-capital arm is looking to sell its stake of around 5% in N26 at a valuation of $3 billion, a steep discount relative to the $9 billion the fintech company was valued at in its last funding round in 2021, the Financial Times reports, citing unnamed sources.

--Allianz could fetch around $160 for its stake in the fintech, which would more than triple what it invested in N26 five years ago, according to the FT.

 

Full story: https://on.ft.com/41lOKRV

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

April 19, 2023 02:01 ET (06:01 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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