Allianz considers takeover of Australia's QBE: source
Report says German insurer has floated an offer of A$15.00 per share, valuing its peer at A$20b
Sydney
GERMAN insurer Allianz has made an informal approach to Australian peer QBE Insurance to canvass its interest in a takeover deal, according to a source familiar with the situation.
The source, who was not authorised to speak publicly about the matter, told Reuters that no acquisition price had been proposed to QBE, Australia's biggest insurer.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea