Allianz considers selling N26 stake at steep discount - sources

April 19 (Reuters) - A unit of Allianz SE (ALVG.DE) is considering selling its stake in German online bank N26 at a steep discount, valuing the lender at $3 billion, two sources familiar with …

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Allianz Considers Selling N26 Stake At Steep Discount - Sources

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April 19 (Reuters) - A unit of Allianz SE (ALVG.DE) is considering selling its stake in German online bank N26 at a steep discount, valuing the lender at $3 billion, two sources familiar with …

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

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April 19, 2023 at 12:56 am EDT. (Reuters) - 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 …

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Allianz Puts N26 Stake Up For Sale At Steep Discount

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Apr 19, 2023 · The venture capital arm of the Munich insurance group Allianz X has mandated an adviser to offer its stake in N26 at a valuation of $3 billion (€2.7 billion), people familiar with the …

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

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Apr 19, 2023 · Allianz SE's unit has put its about 5% 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 Steep Discount - FT

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Apr 19, 2023 · * ALLIANZ'S VENTURE CAPITAL ARM ALLIANZ X HAS MANDATED AN ADVISER TO OFFER ITS STAKE IN N26 AT A VALUATION OF $3 BILLION - FT Source text …

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Report: Allianz Selling Share Of N26 At Sharp Discount

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Apr 19, 2023 · Insurance group Allianz’s venture capital operation Allianz X has told advisors to sell the company’s roughly 5% stake in neobank N26 at a $3 billion valuation.

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

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Apr 18, 2023 11:01pm. --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 ...

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Allianz Puts N26 Stake Up For Sale At $3 Billion 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 Seeks Sale Of Stake In Fintech N26 At Discounted Valuation, …

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April 19, 2023 at 02:02 am EDT. --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 …

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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 billion, the FT report said, citing sources. Allianz X is one of the largest external investors in N26, according to the FT report. "N26 is not currently aware of ...

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

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Allianz puts N26 stake up for sale at $3 billion valuation – FT. (Reuters) – 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 …

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

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Apr 19, 2023 · Allianz puts N26 stake up for sale at $3 billion valuation – FT (Reuters) – A unit of Allianz SE has put about 5% of its stake in German online… Allianz SE selling 5% stake in …

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

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Apr 19, 2023 · Allianz Puts N26 Stake Up for Sale at $3B Discounted Valuation - FT Gurutrade April 19, 2023 at 10:40 AM 320 April 19 (Reuters) - A unit of Allianz SE has put its stake in …

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Allianz Puts N26 Stake Up For Sale At Steep Discount - FT

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Apr 19, 2023 · Allianz Puts N26 Stake Up For Sale At Steep Discount - FT. Apr 19, 2023 03:03 UTC. ALV. ALLIANZ PUTS N26 STAKE UP FOR SALE AT STEEP DISCOUNT - FT. ALLIANZ'S VENTURE CAPITAL ARM ALLIANZ X HAS MANDATED AN ADVISER TO OFFER ITS STAKE IN N26 AT A VALUATION OF $3 BILLION - FT. Reuters. Login or create a forever free …

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

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Allianz SE's unit has put its about 5% stake in German online bank N26 up for sale at a steep discount, valuing it at $3 billion, the Financial Times reported on Wednesday. The venture...

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

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Apr 19, 2023 · Allianz SE puts 5% stake in N26 for sale at 68% discount, valuing it at $3 billion. Venture arm Allianz X seeking to triple its investment in fintech. ... Oil up over 1% but set to …

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

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. ...

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. ...

Is N26 a good investment?

N26 was “well financed, independent of external capital and . . . able to reach profitability without additional funding,” the lender said, adding that it had been profitable for several years on a per-customer basis. ...

Who is Allianz X?

Allianz X is one of the group’s largest external investors, holding more than 5 per cent of N26, public filings at Germany’s commercial register show. The firm built its position in 2018 when it invested alongside China’s Tencent Holdings, taking part in a Series C funding round that raised about $160mn at a valuation of less than $1bn. ...

Is n26 The latest FinTech to suffer?

N26 is the latest fintech to suffer as investors grapple with rising interest rates, high inflation and increasing economic uncertainty. Swedish payments provider Klarna last July raised €800mn at a valuation of €6.7bn, a drop of more than 80 per cent compared with its previous funding round. ...