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ALIZF Allianz Ag Muenchen Namen (PK)

290.128
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
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

3i Takes Control of Scandlines With EUR165 Million Stake Buy

05/11/2013 12:08pm

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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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 Year Allianz Ag Muenchen Namen (PK) Chart

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1 Month Allianz Ag Muenchen Namen (PK) Chart