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Allianz SE (ALVG.DE)

ALVG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

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

Allianz SE says completes 51 percent acquisition of PNB Life
Tuesday, 7 Jun 2016 11:05am EDT 

Allianz SE : Says Olaf Kliesow to become CEO of new entity . Says Allianz completes 51 percent acquisition of PNB Life Further company coverage: [ALVG.DE] ((frankfurt.newsroom@thomsonreuters.com; +496975651270;)).  Full Article

Austria needs better banking supervision, finance minister says
Friday, 3 Jun 2016 06:00am EDT 

Austrian Finance Minister Hans Joerg Schelling: Says hopes to have clearer division of banking supervision roles between FMA and ECB . Says Austrian banking market is stable but supervision has to be better in future . Says case of "bad bank" Heta can probably be finished in September, October of this year Further company coverage: [HAABI.UL] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Eurosic buys 26.64 pct of Fonciere de Paris
Thursday, 12 May 2016 01:25pm EDT 

Eurosic SA : Buys 26.64 pct of Fonciere de Paris . Bought 22.7 pct stake held by Allianz for 145 euros ($165.02) per share .Bought 3.9 pct stake held by Generali for 145 euros per share.  Full Article

Allianz sees Pimco cost-income ratio improving in H2
Wednesday, 11 May 2016 01:28am EDT 

Allianz : Says expects hit to net income from sale of Korea life business of about 350 million eur . Says non-operating gains in Q1 included 235 million eur from "a large forward sale" .Says expects improvement in pimco cost-income ratio in H2 from higher performance fees -slides.  Full Article

Allianz SE confirms FY 2016 outlook
Monday, 2 May 2016 08:00am EDT 

Allianz SE:Outlook for the financial year 2016 remains unchanged.  Full Article

Allianz to sell South Korean business to China's Anbang - Reuters
Wednesday, 6 Apr 2016 06:08am EDT 

Allianz SE:Anbang Insurance Group agreed to buy German insurer Allianz's South Korean businesses for an undisclosed sum - Reuters.Anbang will buy Allianz Life Insurance Korea and asset management firm Allianz Global Investors Korea - Reuters.  Full Article

Allianz buys three additional wind parks in Finland
Tuesday, 29 Mar 2016 08:00pm EDT 

Allianz SE:Says Allianz Capital Partners (ACP) has now stepped up its renewable energy investments by acquiring three additional wind parks in the region.Says ACP signed an acquisition agreement for the wind parks with Portofino New Energy, which is owned by Impax New Energy Investors II LP.Joukhaisselkä and Kuolavaara-Keulakkopää wind parks, Saarenkylä wind park together have a total capacity of 107.7 MW.  Full Article

Allianz seeks buyers for South Korean insurance unit- Reuters
Wednesday, 24 Feb 2016 02:01am EST 

Allianz SE:Puts its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment - Reuters.South Korean asset is attracting interest from Chinese names such as Anbang Insurance Group and Fosun International who are considering bidding; Asset is said to be valued at $500 million - Reuters.U.S. insurer Prudential Financial PRU.N and domestic South Korean financial institutions are also examining making a bid - Reuters.  Full Article

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