Entries tagged "Allianz"
American International Group Inc. had an option to make Europe its new home. Bloomberg reports Wednesday that Allianz SE, Europe's largest insurer, made a joint offer with private equity firm J.C. Flowers & Co. LLC for the troubled U.S. firm. The bid was ultimately rejected by AIG in favor of an $85 billion bailout by the Federal Reserve. ...
It seems German insurer Allianz SE could be days away from a deal for its Dresdner Bank unit. Analysts are predicting it will sell to Commerzbank AG rather than accept a reportedly higher but politically risky offer from China Development Bank.
Although ongoing loses at Dresdner Bank AG were thought to stymie Allianz SE's sales efforts earlier in the month, Commerzbank AG remains undeterred in its interests in Dresdner, according to a Reuters report. Commerzbank is reportedly preparing to call a supervisory board meeting late next week to discuss a possible offer, a Reuters source has said....
Speculation is growing that U.K. bank Lloyds TSB Group plc is in talks to acquire Dresdner Bank from Germany's Allianz SE. ...
The word Wednesday was that an unnamed Chinese bank was taking a look at Dresdner Kleinwort, the investment banking unit of Dresdner Bank. Now, German newspaper Sueddeutsche Zeitung said that the bidder is the sovereign wealth fund Chinese Investment Corp. Ltd. and is in fact interested in all of Dresdner. Allianz AG recently restructured its banking operations leading to speculation that Dresdner Kleinwort would go on the auction block. ...
