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ALIZF Allianz Ag Muenchen Namen (PK)

290.128
0.128 (0.04%)
15 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
  0.128 0.04% 290.128 277.15 295.00 290.128 290.128 290.128 4 21:20:00

Allianz to Further Invest in Moneyfarm

29/05/2018 8:57am

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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   By Pietro Lombardi 
 

Allianz SE (ALV.XE) said Tuesday that its asset-management unit Allianz Asset Management will become digital wealth manager Moneyfarm's lead investor and largest minority shareholder after further investment in the company.

"Allianz and Moneyfarm have a common goal to broaden the availability of digital wealth management to savers and investors in a number of markets," said Jackie Hunt, a member of the German insurer's board of management who is responsible for asset management and U.S. life insurance.

After the transaction, which is subject to regulatory approval, Allianz will have two seats on Moneyfarm's board.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

May 29, 2018 03:42 ET (07:42 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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