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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.128 | 0.04% | 290.128 | 277.15 | 295.00 | 290.128 | 290.128 | 290.128 | 4 | 21:20:00 |
From Jul 2019 to Jul 2024
By Pietro Lombardi
Allianz SE (ALV.XE) has agreed to buy Nigeria's Ensure Insurance Plc, the German insurer said on Wednesday.
The Munich-based company, which hasn't disclosed the value of the acquisition, said it has sealed a binding agreement to buy 98% of the Nigerian insurer from Greenoaks Global Holdings Ltd.
Ensure Insurance posted gross premiums written of 11 million euros ($13.1 million) last year, Allianz said. Allianz, one of the world's biggest insurers, had 2016 gross premiums of EUR51.5 billion.
The acquisition "gives us full access to this key insurance market in Africa and marks a major milestone for Allianz's long-term growth strategy on the continent," said Coenraad Vrolijk, Regional Chief Executive Africa at Allianz.
Allianz expects to complete the transaction by the end of the year.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
August 30, 2017 05:35 ET (09:35 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Allianz Ag Muenchen Namen (PK) Chart |
1 Month Allianz Ag Muenchen Namen (PK) Chart |
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