Allianz sells stake in Spanish JV to Banco Santander for €936.5m

Allianz sells stake in Spanish joint venture Allianz Popular to Banco Santander for €936.5m

24-06-2019

Allianz sells stake in Spanish joint venture Allianz Popular to Banco Santander for €936.5m

iStock/ Kuzma

German insurer Allianz has agreed to sell its 60 percent stake in joint venture Allianz Popular SL to Banco Santander for €936.5 million, and terminate its exclusive non-life insurance distribution agreement with the Spanish bank.

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Allianz, Banco Santander, Sale, Non life Insurance, Pensions, Asset Management, Europe, Germany, Spain

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Allianz sells stake in Spanish joint venture Allianz Popular to Banco Santander for €936.5m

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