World Insurance Report
Allianz offloads Dresdner Bank for €9.8bn
Dresdner Bank has weighed heavily on Allianz’s share price, which has lost 60% of its value since 2001
German insurer Allianz is to sell Dresdner Bank to Commerzbank for €9.8bn ($14.31bn). Allianz has thus finally found a way
out of the trap that it set for itself in buying 100% of Dresdner Bank in 2001.