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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 |
By Inti Landauro
PARIS-- Franco-Dutch real-estate company Unibail-Rodamco (UL.AE) said Sunday it has agreed to sell its stake in a mall in Nice on the French Riviera to German insurer Allianz AG for 312.5 million euros ($391 million).
The mall, called Nicetoile, attracted 13 million visitors last year.
Hammerson (HMSO.LN) will manage the mall and will invest 10% in the project with Allianz.
Unibail-Rodamco expects to conclude the sale in the first quarter of 2015 once it secures all regulation approvals.
The sale is part of a broader Unibail-Rodamco plan to sell assets in France that was carried out in nine months instead of five years, the company said.
-Write to Inti Landauro at inti.landauro@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Allianz Ag Muenchen Namen (PK) Chart |
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