Allianz to sell life and non-life insurance Indian stake to Bajaj…

Sarah J · 2025-03-18T17:30:57.000Z

Today, Allianz SE entered into binding share purchase agreements with Bajaj Finserv Ltd. to sell its 26% stake in its successful 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 EUR ~2.6bn. Allianz may receive the proceeds in several tranches. https://www.allianz.com/en/mediacenter/news/media-releases/financials/250317-allianz-to-sell-stake-in-indian-non-life-and-life-insurance-joint-ventures.html

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Allianz to sell life and non-life insurance Indian stake to Bajaj… | SEINET