Speculation mounts on sale of Allianz banking arm
A number of suitors are emerging for Allianz’s Dresdner Bank subsidiary. The bank has been a headache for Allianz ever since it bought it in 2001.
Allianz CEO Michael Diekmann last month flagged a possible sale of the financial services group’s consumer and commercial bank, valued at a reported €7.9 billion ($13.1 billion).
Britain’s Lloyds TSB, Spain’s Banco Santander and Germany’s Commerzbank are among the potential bidders for Dresdner Bank, according to European media reports.
Allianz CEO Michael Diekmann last month flagged a possible sale of the financial services group’s consumer and commercial bank, valued at a reported €7.9 billion ($13.1 billion).
Britain’s Lloyds TSB, Spain’s Banco Santander and Germany’s Commerzbank are among the potential bidders for Dresdner Bank, according to European media reports.