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ALV Allianz AG

269.80
4.20 (1.58%)
17:10:56 - 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
  4.20 1.58% 269.80 269.60 269.80 269.80 265.10 266.30 117,328 17:10:56

South Korea Pension Signs $2.3 Billion Joint Venture With Allianz for Real-Estate Investment

29/06/2020 5:51am

Dow Jones News


Allianz (TG:ALV)
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   By Kwanwoo Jun 
 

South Korea's National Pension Service and German insurance giant Allianz Group have agreed to launch a $2.3 billion joint venture for real-estate investments.

The joint venture aims to invest in real estate in Australia and high-growth Asian countries, including China, Japan and Singapore, the Korean pension fund said in a statement.

The Korean pension fund and Allianz will each own a 50% stake in the joint venture, it said.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

(END) Dow Jones Newswires

June 29, 2020 00:36 ET (04:36 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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