Allianz could make acquisitions in US and Europe (translated)
16 JAN 2017
Allianz [ETR:ALV], the German financial services group, could make acquisitions in the US and in Europe, Sueddeutsche Zeitung reported, citing the company's Chief Executive Oliver Bate.
Bate told the German daily he was looking at all regions and that not only the US, but Europe also is on the group's radar for expansion. He added that he was looking to make acquisitions in property insurance, asset management and credit insurance.
When asked about rumours of Swiss insurance group Zurich [VTX: ZURN] being a possible target, Bate said he does not like to comment on specific deals, but noted that the company has always believed in friendly deals.
Allianz has a market cap of EUR 72.82bn.