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Allianz Sells N26 Stake, Neobank Valuation Drops by $6 Billion in Two Years

Allianz Sells N26 Stake, Neobank Valuation Drops by $6 Billion in Two Years
A subsidiary of Allianz SE, the Munich-based insurance group, is looking to sell approximately 5% of its stake in the German online banking platform N26 at a considerably reduced price, effectively valuing the company at $3 billion, according to a recent report from Financial Times.Allianz Plans to Sell Stake in Neobank N26Allianz X, the venture capital division of Allianz SE, has enlisted the help of an adviser to facilitate the sale of its N26 shares, which are now valued at around 68% lower t... Read More
Posted: Apr 19 2023, 08:06
Author Name: financemagnates
Views: 110721

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