(Bloomberg) -- Allianz SE, Europe's biggest insurer,
sold all its shares of a venture to South Korean partner Hana
Financial Group Inc.
Hana Financial's banking unit signed an agreement to acquire
the remaining 50 percent stake it doesn't own in Hana Life
Insurance Co. from Allianz, Seoul-based Hana Financial said in an
e-mailed statement yesterday, without providing financial terms
or other details. Hana bought the shares to strengthen its life
insurance business, spokesman Lee Jeong Dae said.
Read more at Bloomberg Bonds News
sold all its shares of a venture to South Korean partner Hana
Financial Group Inc.
Hana Financial's banking unit signed an agreement to acquire
the remaining 50 percent stake it doesn't own in Hana Life
Insurance Co. from Allianz, Seoul-based Hana Financial said in an
e-mailed statement yesterday, without providing financial terms
or other details. Hana bought the shares to strengthen its life
insurance business, spokesman Lee Jeong Dae said.
Read more at Bloomberg Bonds News
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