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Allianz sells majority of Russian business


Allianz sells majority of Russian business to Interholding

The Allianz building in Hamburg.

S. Steinach / imago

(Bloomberg) Allianz is selling a majority stake in its Russian business to Interholding, owner of Russian property insurer Zetta Insurance. The insurer did not name a price, but did mention a negative effect of the transaction of around 400 million euros.

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