Key Developments: Allianz SE (ALVG.DE)

ALVG.DE on Xetra

138.45EUR
19 Dec 2014
Price Change (% chg)

€0.60 (+0.44%)
Prev Close
€137.85
Open
€138.95
Day's High
€139.20
Day's Low
€136.50
Volume
3,376,659
Avg. Vol
2,142,347
52-wk High
€139.75
52-wk Low
€115.05

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Latest Key Developments (Source: Significant Developments)

Allianz SE, Borealis To Buy RWE' AGs Net4Gas For $2 Billion-Reuters
Thursday, 28 Mar 2013 01:39pm EDT 

Reuters reported that Allianz SE and a Canadian investor agreed to pay some EUR1.6 billion ($2 billion) including debt for a Czech gas pipeline operator. The purchase of RWE AG's Net4Gas unit is the latest in a string of acquisitions in the field of power and gas grids, which are attracting pension funds and insurers due the promise of steady returns amid low bond yields and volatile equities.  Full Article

Allianz SE Buys Yapi Kredi Sigorta For $883 Million From Koc Holding AS And UniCredit SpA's Yapi ve Kredi Bankasi AS; Dai-ichi Life Insurance Co Ltd, Zurich Insurance Group AG Were In Race-Reuters
Wednesday, 27 Mar 2013 03:23am EDT 

Reuters reported that Allianz SE agreed to buy insurance business Yapi Kredi Sigorta A.S. from Turkish lender Yapi ve Kredi Bankasi AS to secure a bigger slice of a fast expanding market. The net purchase price for Yapi Kredi's 93.9% stake in Yapi Kredi Sigorta was TRY1.60 billion ($883 million). After closing of the deal, Allianz will make a mandatory tender offer for the remaining 6.1% stake. Yapi Kredi will retain a 20% stake in Yapi Kredi Emeklilik, the life and pension subsidiary of Yapi Kredi Sigorta. Under a so-called bancassurance agreement over 15 years, Allianz also gets the right to sell insurances through Yapi Kredi's network of bank branches. Yapi Kredi Bank, owned by Turkish group Koc Holding AS and Italy's UniCredit SpA, had said on Tuesday that talks were continuing on a sale of its insurance business after sources told Reuters that Allianz had agreed to buy it. The sources said at the time that Japan's Dai-ichi Life Insurance Co Ltd and Zurich Insurance Group AG had also been in the race for Yapi Kredi Sigorta.  Full Article

Allianz SE Acquires 74.01% Stake In Yapi Kredi Sigorta AS
Wednesday, 27 Mar 2013 01:39am EDT 

Allianz SE announced that it has acquired 74.01% stake in Yapi Kredi Sigorta AS through acquiring shares from Yapi ve Kredi Bankasi AS for a total of TRY 1,410,079,178.  Full Article

Allianz SE To Buy Koc Holding AS And UniCredit SpA's JV Yapi Kredi Sigorta AS For Nearly EUR950 Million; Dai-ichi Life Insurance Co Ltd And Zurich Insurance Group AG Also Had Been In The Race-Reuters
Monday, 25 Mar 2013 12:41pm EDT 

Reuters reported that Allianz SE has agreed to buy Turkish insurerYapi Kredi Sigorta AS's core insurance arm and a majority stake in its pension unit for nearly EUR950 million ($1.2 billion). The deal was expected to be announced in the coming days. Japanese company Dai-ichi Life Insurance Co Ltd and Zurich Insurance Group AG had also been in the race for Yapi Kredi Sigorta, a joint venture (JV) between Turkish group Koc Holding AS and Italian bank UniCredit SpA.  Full Article

Kingsgate Consolidated Ltd Announces Holding Interest Of Allianz SE
Sunday, 10 Mar 2013 05:35pm EDT 

Kingsgate Consolidated Ltd announced that Allianz SE has an interest of 7,742,966 ordinary shares, which represents 5.10% of voting power in the Company.  Full Article

Allianz SE Announces FY 2012 Dividend Proposal; Issues FY 2013 Operating Profit Guidance in Line with Analysts’ Estimates
Thursday, 21 Feb 2013 02:58am EST 

Allianz SE announced that its Management Board will propose to the Company’s Supervisory Board a dividend of EUR 4.50 per share for fiscal year 2012. The value of the dividend for fiscal year 2012 is at the previous year’s level. Allianz SE also announced that it expects its operating profit for fiscal year 2013 to be at EUR 9.2 billion, plus/minus EUR 500 million. According to I/B/E/S Estimates, the analysts are on average expecting the Company to report for fiscal year 2013 EBIT of EUR 9.09412 billion.  Full Article

Allianz SE To Shut Allianz bank, Cuts Jobs-Reuters
Thursday, 24 Jan 2013 06:05am EST 

Reuters reported that Allianz SE German arm said it would close its small Allianz Bank unit at the end of June, with the loss of 450 jobs.  Full Article

Allianz sells Fireman's Fund personal insurance business

FRANKFURT - German insurer Allianz on Thursday said it had agreed to sell its Fireman's Fund personal insurance business to insurer ACE for $365 million, freeing Allianz to focus on building its U.S. property and casualty operations.

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