Allianz Invests in China's Taikang Life Insurance
07 November 2019 - 1:05AM
Dow Jones News
By Pietro Lombardi
Allianz SE (ALV.XE) has invested in Chinese insurer Taikang Life
Insurance, a spokeswoman for the German insurer said Wednesday.
The spokeswoman didn't say what the value of the investment was,
but an earlier report by Bloomberg said Allianz has paid $1 billion
for a stake in the company.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 06, 2019 08:50 ET (13:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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