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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 | 284.55 | 289.15 | 0.00 | 13:25:42 |
Allianz SE (ALV.XE) plans to buy an 8.33% stake in soccer club FC Bayern Munich AG, which would make Europe's biggest insurer the club's third major shareholder alongside sportswear maker Adidas AG (ADS.XE) and car maker Audi AG (NSU.XE), German daily Bild reports online.
An Allianz spokeswoman declined to comment on the report.
According to the newspaper, Allianz will pay 110 million euros ($150 million) for the stake. After a capital increase in the club, in which the other shareholders won't participate, Allianz, Adidas and Audi will each hold 8.33% of Bayern Munich, the newspaper says.
The soccer club will use the additional funds to pay off debt related to its home stadium in Munich, the Allianz Arena, according to the newspaper. The stadium will continue to be named Allianz Arena, it said.
Newspaper website: http://www.bild.de
Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.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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