By Cristina Roca 
 

Allianz SE said Friday that it has agreed to sell a majority stake in its Russian activities after a decision to scale down its operations in the country.

The German financial services company will sell the stake to Interholding LLC, which owns Russian insurer Zetta Insurance. Allianz will keep a 49.9% holding.

Allianz expects the deal to result in a hit of about 400 million euros ($429.9 million) on its profit and loss accounts. Its solvency capitalization and cash position won't be affected, it said.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

June 03, 2022 03:32 ET (07:32 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Allianz (PK) (USOTC:ALIZY)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024 Allianz (PK) 차트를 더 보려면 여기를 클릭.
Allianz (PK) (USOTC:ALIZY)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024 Allianz (PK) 차트를 더 보려면 여기를 클릭.