Report: Allianz Selling Share of N26 at Sharp Discount

Apr 19, 2023 · Insurance group Allianz is reportedly selling its stake in neobank N26 at a steep discount. According to a report late Tuesday (April 18) by the Financial Times, sources say …

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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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Gary Prince On LinkedIn: Report: Allianz Selling Share Of N26 At …

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It interesting that Allianz are divesting of their 5% stake in N26, as it shows a sign of the market uncertainty and overall view of the sector. ... Report this post ... Allianz Selling Share of ...

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Daina Di Veto On LinkedIn: Report: Allianz Selling Share Of N26 At ...

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N26, a mobile bank once ranked "amongst the top ten most valuable FinTech companies worldwide" has seen its value plunge from $9 billion to $3 billion, and major investor Allianz …

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Daina Di Veto En LinkedIn: Report: Allianz Selling Share Of N26 At ...

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N26, a mobile bank once ranked "amongst the top ten most valuable FinTech companies worldwide" has seen its value plunge from $9 billion to $3 billion, and… Daina Di Veto en …

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Gary Prince On LinkedIn: Report: Allianz Selling Share Of N26 At …

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It interesting that Allianz are divesting of their 5% stake in N26, as it shows a sign of the market uncertainty and overall view of the sector. It is going to… Gary Prince on LinkedIn: Report: …

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FAQs about Report: Allianz Selling Share of N26 at Sharp Discount 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. ...

Why did N26 lose a lot in 2021?

N26, once among Europe's most valued fintechs, widened losses in 2021 while its customer growth slowed following fines from Germany's financial regulator. Tech startups hungry for venture capital have struggled to raise funds recently as interest rates rise worldwide. ...

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. ...

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. ...