News Asia19 Mar 2025

India:Allianz to sell stake in Indian joint ventures

| 19 Mar 2025

Allianz SE has entered into binding share purchase agreements with Bajaj Finserv to sell its 26% stake in its Indian non-life and life insurance joint ventures - Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company - to the Bajaj Group for a total consideration of EUR2.6bn. Allianz may receive the proceeds in several tranches.

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