|Bid||0.00 x 214900|
|Ask||0.00 x 10000|
|Day's Range||173.10 - 174.80|
|52 Week Range||118.35 - 177.80|
|PE Ratio (TTM)||12.10|
|Earnings Date||Aug 4, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||184.63|
German insurer Allianz expects to book a loss of around 200 million euros ($224 million) from the sale of private bank Oldenburgische Landesbank to U.S. private equity firm Apollo, it said on Sunday. Allianz announced late on Friday that it had agreed to sell its 90 percent stake in the bank, which was no longer of strategic importance, for 300 million euros. The insurer said the loss did not affect its profit outlook for the year, because it had already taken it into account.
Allianz SE, the German insurer that stemmed outflows at U.S. asset manager Pimco, is now trying to bulk up on the other side of the world.
Four months after striking a sponsorship deal with insurance company Allianz, the Drone Racing League closed a new round of funding. The New York-based sports company, which officially launched in January 2016, amassed more than $20 million in venture capital funding as part of a Series B round. U.K. satellite company Sky, Formula 1 racing owner Liberty Media Corp., and New York-based venture firm Lux Capital led the effort and were joined by World Wrestling Entertainment.