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ALIZY Allianz SE (PK)

27.06
-0.45 (-1.64%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Allianz SE (PK) USOTC:ALIZY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.45 -1.64% 27.06 26.78 27.11 27.08 26.8175 27.00 133,098 21:27:10

Allianz Seeks Sale of Stake in Fintech N26 at Discounted Valuation, FT Reports

19/04/2023 7:16am

Dow Jones News


Allianz (PK) (USOTC:ALIZY)
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--Allianz SE's venture-capital arm is looking to sell its stake of around 5% in N26 at a valuation of $3 billion, a steep discount relative to the $9 billion the fintech company was valued at in its last funding round in 2021, the Financial Times reports, citing unnamed sources.

--Allianz could fetch around $160 for its stake in the fintech, which would more than triple what it invested in N26 five years ago, according to the FT.

 

Full story: https://on.ft.com/41lOKRV

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

April 19, 2023 02:01 ET (06:01 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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