Reported about 21 hours ago
Allianz SE has agreed to sell its 26% stake in joint ventures in India to local partner Bajaj Group for approximately €2.6 billion. The deal covers stakes in both Bajaj Allianz General Insurance Co. and Bajaj Allianz Life Insurance Co. Following a dispute regarding the partnership's direction, Allianz plans to explore new opportunities in India, aiming to invest the proceeds to strengthen its market position.
Source: YAHOO