Announced
Financials
Sources
Tags
Cross Border
financial sercives
Acquisition
Russian Federation
Private
Single Bidder
Pending
Friendly
Majority
Diversified Financials
Synopsis
Interholding, an insurance services provider, agreed to acquire a 50.1% stake in the Russian operations of Allianz, a financial services provider. Financial terms were not disclosed. The agreement, which follows Allianz’s decision to scale back operations in Russia, is aimed at ensuring continuity for clients and employees.
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