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 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 $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 Is Looking To Sell Its N26 Stake - Coverager

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Apr 19, 2023 · Allianz is looking to sell its N26 stake . According to a report by FT, Allianz has put its stake of about 5% in European banking startup N26 up for sale at a steep discount. The …

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

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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. The …

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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 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 · 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 $3 Billion Valuation - FT

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Apr 19, 2023 · Allianz SE's unit sells 5% stake in N26 at 68% discount worth $3 billion. Sale could earn $160 million, more than triple the investment over 5 years. Banking regulators monitoring …

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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. Economic news. Allianz Puts N26 Stake Up for Sale at $3B Discounted Valuation - FT. Gurutrade April …

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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 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. ...

Will Allianz be able to multiply its investment?

Allianz would still be able to multiply its investment at that valuation, the sources added. "Undertaking discussions does not necessarily mean acting on or consummating these discussions," Allianz said in an e-mailed reply to a Reuters request for comment. The Financial Times first reported the story earlier on Wednesday. ...

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 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. ...