The approval of Allianz’s request for the squeeze-out of the shares of European Pressure was decided by the Board of Directors of the Capital Market Commission during today’s meeting. In more detail, the Board of Directors of the Committee during its 962nd/31.8.2022 meeting decided: – The approval of the request of the company “ALLIANZ SE” […]
Tag: Allianz
European Credit: Request for squeeze-out from Allianz
Allianz has submitted a request to the Capital Market Commission in order to exercise the right to buy the remaining 2.81% of the share capital of “European Credit”, since it already controls, after its optional public offer, 97.19% of its share capital . More specifically: 1. According to articles 27 and 16 of Law 3461/2006, […]
Allianz: Net profits fell, operating profits increased
Allianz said second-quarter net profit fell but operating profit rose as its asset management business struggled amid market turmoil. The German insurer said net profit for the quarter at the end of June was 1.71 billion euros, down from 2.23 billion euros a year ago. Operating profit rose 5.3 percent to 3.50 billion euros, mainly […]
Competition Commission: Green light in the Allianz deal – European Loyalty
The green light in the acquisition of exclusive control by Allianz over the European Credit AEGA “was given by the Competition Commission. In particular, at a meeting of the Competition Committee in a Department on June 24, 2022, it was decided (under decision no. 782/2022) unanimously the approval of the notified concentration, pursuant to article […]
Allianz: Retains 49.9% of Russian after-sales business
Allianz Insurance has announced that it will sell most of its Russian business to the owner of a Russian insurance company, as it seeks to remove its presence in the country after the invasion of Ukraine. Allianz, which had already stopped accepting new activities in Russia, stressed last month that it was very likely that […]
Allianz: Undertakes forecasts of 1.9 billion euros in the quarter
Allianz announced that it will undertake a forecast of 1.9 billion euros in the first quarter, following the further arrangements it made in relation to Structured Alpha funds in the USA. The forecast will affect the group’s quarterly net profit by $ 1.6 billion after taxes, resulting in a net profit of 600 million euros […]
Cooperation of Allianz Partners and Uber for safety protection for drivers and couriers
As of January 1, 2022, Allianz Partners and Uber have launched a partnership in which Allianz Partners will provide protection and safety to independent drivers and couriers working with Uber and Uber Eats in 23 European countries, including Greece for Uber. The coverage includes various compensation payments for loss of income in the event of […]
Allianz: Significant size improvement in the fourth quarter – Proposal for a dividend increase of 12.5%
Financial figures significantly improved for both the fourth quarter and the whole fiscal year 2021, announced the insurance company Allianz. In particular, for the fourth quarter, the company announced an increase in its total revenue by 7.9% to 38.4 billion euros and its operating profitability by 18% to 3.5 billion euros. The results distributed during […]
What does the acquisition of European Loyalty by Allianz bring?
By Leonidas Stergiou With the offer to acquire 100% of European Loyalty, Allianz buys a critical size in order to take advantage of the development opportunities of the Greek insurance market, which is already characterized by intense competition, due to a high percentage of concentration. Rearrangements Reading the reports of the advisors of the two […]
Allianz: Optional public offering for the acquisition of European Credit – At 7.8 euros / share in exchange
Today on 11.02.2022, the Board of Directors of the company European Credit announced that during the meeting of what took place on 11.02.2022 at 18:30, it was informed that the company Allianz, submitted an optional public offer in accordance with the provisions of Law 3461 / 2006, as in force, for the acquisition of all […]