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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allianz Ag Muenchen Namen (PK) | USOTC:ALIZF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 290.128 | 284.35 | 288.95 | 0.00 | 12:45:21 |
LONDON--3i Group PLC (III.LN), an international investor, said Tuesday it has signed an agreement with existing co-shareholder, Allianz Capital Partners, or ACP, to buy its 49% stake in Scandlines for 165 million Euros, giving it 100% ownership.
MAIN FACTS:
-3i, and funds managed by 3i, will consequently become majority shareholders.
-Scandlines is a ferry operator in the Baltic Sea.
-Closing of the transaction is expected to take place before the year end.
-As part of 3i's acquisition of ACP's stake, the company has successfully refinanced its current debt facilities into a new EUR875 million package.
-3i shares at 1130 GMT down 5 pence, or 1.44%, at 370 pence valuing the company at 3.65 billion pounds.
-Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Allianz Ag Muenchen Namen (PK) Chart |
1 Month Allianz Ag Muenchen Namen (PK) Chart |
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