Allianz Selling Stake in Indian Joint Ventures for €2.6 Billion

Reported 1 day 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

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