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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% 290.128 284.05 288.70 0.00 13:04:41

Allianz Holds Talks on Offshore Wind Park Investments - Report

08/02/2013 3:31pm

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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German insurer Allianz SE (ALV.XE) is holding talks with a unit of Dutch electricity grid operator Tennet Holding BV and the German environmental ministry regarding investments in offshore wind parks worth billions of euros, according to an article in German magazine Der Spiegel.

Until now, talks between Allianz and Tennet haven't been fruitful as the Dutch company is also negotiating with other investors and doesn't want to make a commitment, the report says.

An Allianz spokesman declined to comment on the talks, but Allianz said last autumn that it owns 34 wind farms and is "closely eying" investment in offshore wind parks.

Tennet is responsible for connecting offshore wind farms in the German North Sea to the country's power grid, but has recently been criticized for delays in the project.

The company couldn't be reached immediately for comment.

Magazine website: http://www.spiegel.de

Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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