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Germany's Allianz bought into UniCredit's share issue: spokesman
May 3, 2017 / 9:27 AM / 7 months ago

Germany's Allianz bought into UniCredit's share issue: spokesman

MUNICH (Reuters) - Allianz (ALVG.DE) has bought into a record 13 billion euro ($14 billion) share sale Italian bank UniCredit (CRDI.MI) carried out earlier this year, a spokesman for the German insurer said on Wednesday.

Flags with the logo of Allianz SE, Europe's biggest insurer, are pictured before the company's annual shareholders' meeting in Munich, Germany May 3, 2017. REUTERS/Michaela Rehle

He declined to give any further details.

Allianz took part in a UniCredit shareholder meeting in January, where the cash call was approved, with a 1.06 percent stake.

Reporting by Joern Poltz, writing by Valentina Za, editing by Francesca Landini

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