Allianz considers selling N26 stake at steep discount - sources

Apr 19, 2023 · A unit of Allianz SE is considering selling its stake in German online bank N26 at a steep discount, valuing the lender at $3 billion, two sources familiar with the matter told …

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Allianz Considers Selling N26 Stake At Steep Discount - Sources

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Apr 19, 2023 · A unit of Allianz SE is considering selling its stake in German online bank N26 at a steep discount, valuing the lender at $3 billion, two sources familiar with the matter told …

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Allianz Considers Selling N26 Stake At Steep Discount - Sources

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Allianz X, the venture capital arm of the Munich-based insurance group, has mandated an adviser to sell about 5% in N26 at a discount of around 68% compared to a 2021 valuation of $9 …

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Allianz Puts N26 Stake Up For Sale At $3 Bln Valuation - FT

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Apr 19, 2023 · A unit of Allianz SE has put about 5% of its stake in German online bank N26 up for sale at a steep discount, valuing it at $3 billion, the Financial Times reported on Wednesday.

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Allianz Puts N26 Stake Up For Sale At $3 Billion Valuation - FT

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Apr 19, 2023 · The venture capital arm of Munich-based insurance group Allianz X has mandated an adviser to sell the stake, at a discount of about 68% to the more than $9 billion N26 was …

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Allianz Seeks Sale Of Stake In Fintech N26 At Discounted Valuation, …

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Apr 19, 2023 · --Allianz SE's venture-capital arm is looking to sell its stake of around 5% in N26 at a valuation of $3 billion, a steep discount relative to the $9 billion the fintech company was …

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Allianz Considers Selling N26 Stake At Steep Discount - LinkedIn

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Apr 20, 2023 · According to sources familiar with the matter Allianz X, the venture capital arm of the Munich-based insurance group, has mandated an adviser to sell about 5% in N26 at a …

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Allianz Considers Selling N26 Stake At Steep Discount - Sources

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Apr 19, 2023 · A unit of Allianz SE XETR:ALV is considering selling its stake in German online bank N26 at a steep discount, valuing the lender at $3 billion, two sources familiar with the …

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FAQs about Allianz considers selling N26 stake at steep discount - sources Coupon?

Should Allianz sell its stake in N26?

(Reuters) -A unit of Allianz SE is considering selling its stake in German online bank N26 at a steep discount, valuing the lender at $3 billion, two sources familiar with the matter told Reuters on Wednesday. Allianz would still be able to multiply its investment at that valuation, the sources added. ...

Is Allianz X a lead investor in N26?

Allianz X is one of the largest external investors in N26, according to the FT report. "N26 is not currently aware of any ongoing secondary sales from existing investors, including from Allianz X, who came on board as lead investors in our Series C round," the online lender said in a statement. ...

Is Allianz X worried about N26?

A year ago, Allianz X chief executive Nazim Cetin voiced concern about N26, telling German newspaper Handelsblatt that the “growing pains are not great”. FT calculations based on public filings suggest Allianz could realise almost $160mn for its stake, meaning it would still more than triple its investment over five years. ...

Is N26 a good stock to buy?

However, after tech valuation plunged around the world when interest rates started to rise, N26 pushed back its ambition to list on the stock market. N26 is the latest fintech to suffer as investors grapple with rising interest rates, high inflation and increasing economic uncertainty. ...

Does Allianz X have secondary sales?

N26 told the Financial Times it was “not currently aware of any ongoing secondary sales from existing investors, including from Allianz X”, adding that it did not comment “on any internal policies our shareholders may have when valuing companies within their portfolio”. Allianz declined to comment. ...

Does N26 need new funding?

In October 2022, when N26 reported a 14 per cent increase in net losses for 2021, the Berlin-based bank said it would not need new funding in the foreseeable future. The bank told the FT that its plan to not raise funds before breaking even was on track. ...