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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 | 283.90 | 288.65 | 0.00 | 12:39:30 |
From Jul 2019 to Jul 2024
LONDON--Bank HSBC Holdings PLC (HSBA.LN) said Friday that its subsidiary Hongkong and Shanghai Banking Corporation Ltd has entered into a 10-year, US$100.5 million bancassurance agreement with insurance group Allianz SE (ALV.XE) and agreed to sell the Taiwan branch of HSBC Life for US$18 million.
MAIN FACTS:
-Bancassurance agreement is for HSBC Group companies to distribute Allianz life insurance products in Asia.
-HSBC Life International Ltd sale of Taiwan branch excludes statutory deposits of US$10 million.
-The agreement and the sale and purchase agreement, which is subject to regulatory approvals, and four country-specific distribution agreements being entered into in the key territories are expected to be completed no later than the first half of 2013.
- HSBC shares at 0855 GMT, down 6 pence, or 0.94%, at 608 pence valuing the company at GBP112.99 million.
-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter: @RoryGallivan
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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