Allianz completes sale of Allianz Global Investors Korea to Anbang
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Allianz SE, the international financial services company headquartered in Munich, and its asset management subsidiary, Allianz Global Investors, today announced the successful completion of the sale of Allianz Global Investors Korea to Anbang Group Holdings.
Munich, Sep 26, 2017
Allianz announced in April 2016 that it would sell its South Korean life insurance and asset management operations to Anbang. The transaction followed an extensive review by Allianz to secure long-term growth for Allianz Life Insurance Korea and Allianz Global Investors Korea.
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