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Allianz SE (ALVG.DE)

ALVG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Allianz buys stake in E.ON Distributie Romania
Friday, 25 Nov 2016 09:06am EST 

Allianz says :Agrees with E.ON Romania to purchase a 30 percent stake in E.ON Distribuţie România, an electricity and gas distribution network operator in the northern part of Romania.  Full Article

Allianz says has acquired 45 pct interest in Park Place for an undisclosed amount
Thursday, 13 Oct 2016 06:03pm EDT 

Allianz:Allianz says has acquired a 45 percent interest in park place; financial terms of the deal were not disclosed.  Full Article

Commerzbank, Apollo submitted bids for Allianz's Oldenburgische Landesbank
Tuesday, 27 Sep 2016 12:12pm EDT 

: Apollo and Commerzbank have submitted non-binding offers for Allianz's Oldenburgische Landesbank - sources . Commerzbank and Allianz decline to comment, Apollo not immediately available for comment Further company coverage: [APO.N] [CBKG.DE] [ALVG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

OMV signs the sale of 49% minority stake in Gas Connect Austria to consortium of Allianz and Snam
Thursday, 22 Sep 2016 11:56am EDT 

Allianz Capital Partners: OMV signs the sale of 49% minority stake in Gas Connect Austria to the consortium of Allianz and Snam .Omv Gas & Power GmbH (OGP) and the consortium composed of Allianz, and Snam S.p.a. signed an agreement for the sale and purchase of a 49% minority stake in Gas Connect Austria GmbH (gca).  Full Article

Allianz to own 60 pct of GCA stake vehicle, Snam 40 pct -OMV
Thursday, 22 Sep 2016 11:45am EDT 

: OMV says 49 percent Gas Connect Austria stake to be acquired by company in which Allianz holds 60 percent, Snam 40 percent Further company coverage: [nV9N15C015] (Reporting By Shadia Nasralla) ((Shadia.Nasralla@thomsonreuters.com;)).  Full Article

Allianz to buy 44 pct stake in Manhattan’s 10 Hudson Yards tower
Tuesday, 2 Aug 2016 05:06am EDT 

Allianz SE : Says Allianz Real Estate to acquire stake in Manhattan’s 10 Hudson Yards tower .Investment about 375 million euros.  Full Article

Trakm8 wins Allianz contracts to supply telematics devices
Monday, 4 Jul 2016 02:00am EDT 

Trakm8 Holdings Plc : Contract win . Initial supply contract comes with a launch order of 5,000 devices to start pipe filling for allianz insurance telematics in China . It is anticipated that manufacturing in Asia will take place as volumes increase. Trakm8, under a separate contract, will also develop specific software to meet requirements of Allianz . Has been awarded two initial contracts by Allianz, to supply devices with uniquely developed software to Allianz's global telematics business .Will provide latest generation 5 t10 micro self-fit telematics device, which initially will be manufactured in group's UK manufacturing facility.  Full Article

Allianz Germany says hit from May/June storms is 140 mln eur
Wednesday, 22 Jun 2016 09:00am EDT 

Allianz SE : Says own hit from May/June storms is gross 140 million eur Further company coverage: [ALVG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Allianz buys Zurich Morocco for 244 million euros
Friday, 17 Jun 2016 09:22am EDT 

Allianz says : To acquire Zurich Assurances Maroc, a subsidiary of Zurich Insurance Company in Morocco. . Zurich Morocco unit has gross premiums of 114 million eur .Purchase price is 244 million euros.  Full Article

Pacific Investment Management plans to cut its workforce - Bloomberg
Thursday, 16 Jun 2016 01:32pm EDT 

:Pacific Investment Management Co plans to cut its workforce; job cuts will be less than 3 percent of workforce - Bloomberg, citing source.  Full Article

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UPDATE 2-Allianz plays down talk of big deals as hands cash to investors

ZURICH, Feb 17 Allianz played down talk of it making a major acquisition any time soon as its chief executive Oliver Baete said on Friday the German insurer could grow without deals.