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ALIZF Allianz Ag Muenchen Namen (PK)

293.90
3.77 (1.30%)
Last Updated: 15:07:11
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
  3.77 1.30% 293.90 281.03 293.90 293.90 293.90 293.90 1 15:07:11

Court Says Manroland Files For Insolvency

25/11/2011 12:54pm

Dow Jones News


Allianz Ag Muenchen Namen (PK) (USOTC:ALIZF)
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German printing press maker Manroland AG has filed for bankruptcy at a district court in Germany, the court said Friday.

The application is being examined and no decision has yet been made, the district court of Augsburg added.

Owners Allianz SE (ALV.XE) and MAN SE (MAN.XE) had said they were exploring options for Manroland with a view to finding a sustainable solution for the company.

Manroland has suffered as a result of the economic slowdown.

On Thursday, Dow Jones Newswires reported that the company is likely to file for insolvency, citing a person familiar with the matter.

The printing industry has been under pressure, with even rivals like Heidelberger Druckmachinen AG (HDD.XE) as well as Koenig & Bauer AG (SKB.XE) not yet recovering from the economic crisis of 2008/2009 that prompted the companies to restructure.

-By Natali Schwab, Dow Jones Newswires; +49 69 2972 5507; natali.schwab@dowjones.com

1 Year Allianz Ag Muenchen Namen (PK) Chart

1 Year Allianz Ag Muenchen Namen (PK) Chart

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1 Month Allianz Ag Muenchen Namen (PK) Chart