--Allianz SE's venture-capital arm is looking to sell its stake of around 5% in N26 at a valuation of $3 billion, a steep discount relative to the $9 billion the fintech company was valued at in its last funding round in 2021, the Financial Times reports, citing unnamed sources.

--Allianz could fetch around $160 for its stake in the fintech, which would more than triple what it invested in N26 five years ago, according to the FT.

Full story: https://on.ft.com/41lOKRV

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

April 19, 2023 02:01 ET (06:01 GMT)

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