Exclusives | Europe

Allianz weighs options for AllianzGI unit 

24 October 2024, 12:00 am
1 min read
General view of the Allianz Global Investors headquarters in Frankfurt, Germany August 16, 2021. Picture taken August 16, 2021. REUTERS/Tilman Blasshofer

Allianz, one of Europe’s biggest insurers, is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, which oversees 555 billion euros ($560 billion) of assets according to its website, could be valued at more than 4 billion euros, including debt, one of people said. 

Why it matters 

The considerations come on the heels of BNP Paribas’ decision to buy AXA Investment Managers for more than 5 billion euros, a transaction that bankers expected would spur more dealmaking.