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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 | 284.65 | 289.35 | 0.00 | 13:37:24 |
From Jul 2019 to Jul 2024
German insurer Allianz SE (ALV.XE) said Wednesday it will acquire around 94% of Yapi Kredi Sigorta (YKSGR.IS), an insurance unit of Yapi Kredi--Turkey's fourth largest private bank by assets.
Allianz will buy the stake for around 684 million euros ($878 million), Allianz said in a press release.
The remaining 6% of Yapi Kredi Sigorta is listed on the Istanbul stock exchange and will be subject to a mandatory offer by Allianz shortly after closing. In addition, Allianz has received a 15-year bancassurance distribution agreement with Yapi Kredi, giving it exclusive access to 6.5 million customers.
Yapi Kredi will retain a 20% holding in Yapi Kredi Sigorta's life and pension insurance unit, Yapi Kredi Emeklilik, the statement added.
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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