Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Allianz SE
  6. News
  7. Summary
    ALV   DE0008404005

ALLIANZ SE

(ALV)
  Report
Delayed Xetra  -  11:36 2022-11-25 am EST
205.35 EUR   +0.20%
11/24Allianz : and DHL join forces on a leading edge, sustainable, pan-European logistics development pipeline
PU
11/24DHL Supply Chain to Sell Half of Carbon-Neutral Property Portfolio in Europe to Allianz
MT
11/24Allianz Malaysia's Profit Drops in Q3
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

UniCredit, Allianz to swap Croatian units' stakes

09/30/2022 | 02:38am EST
FILE PHOTO: Allianz logos are pictured in front of the headquarter of Germany's largest insurance group Allianz ..

MILAN (Reuters) - Italian bank UniCredit said on Friday it had signed with insurance partner Allianz an accord that would see them effectively swap their respective direct and indirect stakes in Croatian units.

Under the accord UniCredit will purchase Allianz's 11.72% stake in Croatian bank Zagrebacka Banka, which is part of the UniCredit group.

Allianz Holding in turn will acquire the 16.84% stake held by Zagrebacka in Croatian insurer Allianz Hrvatska.

UniCredit, which will ends up owning 96.2% of Zagrebacka, said it was not considering squeezing out minority shareholders or delisting.

UniCredit said it was reinforcing its position in the Croatian banking market in light of the country's good growth prospects and upcoming euro area membership.

"Both UniCredit and Allianz remain committed to the attractive bancassurance market in Croatia," it said.

Allianz is a leading UniCredit shareholder with a 3.4% stake.

Under new CEO Andrea Orcel, UniCredit has strengthened its ties with Allianz by renewing their partnership agreements in Italy and Germany and pursuing closer technological integration.

(Reporting by Valentina Za; editing by Gianluca Semeraro and Jason Neely)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALLIANZ SE 0.20% 205.35 Delayed Quote.-1.11%
UNICREDIT S.P.A. -1.62% 13.124 Delayed Quote.-3.10%
ZAGREBACKA BANKA D.D. -0.31% 64 End-of-day quote.-1.84%
All news about ALLIANZ SE
11/24Allianz : and DHL join forces on a leading edge, sustainable, pan-European logistics devel..
PU
11/24DHL Supply Chain to Sell Half of Carbon-Neutral Property Portfolio in Europe to Allianz
MT
11/24Allianz Malaysia's Profit Drops in Q3
MT
11/23ALLIANZ SE : Buy rating from Berenberg
MD
11/23ALLIANZ SE : Gets a Buy rating from Goldman Sachs
MD
11/23Analysis-Investors warm to European corporate bonds after a brutal year
RE
11/22Transcript : Allianz SE - Special Call
CI
11/22ALLIANZ SE : Barclays reaffirms its Neutral rating
MD
11/22ALLIANZ SE : Jefferies reaffirms its Buy rating
MD
11/21Hong Kong fintech WeLab seeks funds at $2 billion valuation -Bloomberg
RE
More news
Analyst Recommendations on ALLIANZ SE
More recommendations
Financials
Sales 2022 153 B 159 B 159 B
Net income 2022 7 006 M 7 285 M 7 285 M
Net Debt 2022 22 743 M 23 648 M 23 648 M
P/E ratio 2022 11,9x
Yield 2022 5,54%
Capitalization 82 772 M 86 068 M 86 068 M
EV / Sales 2022 0,69x
EV / Sales 2023 0,68x
Nbr of Employees 155 411
Free-Float 99,9%
Chart ALLIANZ SE
Duration : Period :
Allianz SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALLIANZ SE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 205,35 €
Average target price 232,61 €
Spread / Average Target 13,3%
EPS Revisions
Managers and Directors
Oliver Bńte Chief Executive Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Michael Diekmann Chairman-Supervisory Board
Barbara Karuth-Zelle Chief Operating Officer
Renate Wagner Head-Human Resources, Legal & Compliance
Sector and Competitors
1st jan.Capi. (M$)
ALLIANZ SE-1.11%86 068
CHUBB LIMITED11.86%89 746
MARSH & MCLENNAN COMPANIES-1.92%85 224
ZURICH INSURANCE GROUP LTD12.61%70 650
BAJAJ FINSERV LTD.-0.42%31 833
HARTFORD FINANCIAL SERVICES GROUP (THE), INC.9.40%24 166