“If an attractive opportunity arises, we will go for it”

Oliver Bäte, CEO of Allianz SE in an interview with CNBC.

 

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In an interview on CNBC, Oliver Bäte summarized Allianz’ acquisition strategy: “We are looking to grow in the growth markets – in a disciplined way. But also in Europe where there is lots of room for consolidation”, he continued  “it is typically in the Property and Casualty industry” and “in markets where we already have a strong position.” Oliver Bäte also commented on Allianz and PIMCO: “There is absolutely no way we would sell PIMCO. It has been a fantastic part of Allianz over the last ten years. Since we acquired it the company has grown 20 percent compound. It has been a spectacularly positive story for us. And it will continue.”

Oliver Bäte, CEO of Allianz SE
Oliver Bäte, CEO of Allianz SE 

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