Market Chatter: Allianz Gets China Regulatory Nod to Transfer Stake in JD.com JV to Allianz China

MT Newswires Live09-06

German insurer Allianz obtained regulatory approval to transfer its entire stake in its property insurance joint venture with JD.com (HKG:9618) to Allianz China Insurance Holding, Yicai Global reported Thursday.

Once the transfer is completed, Allianz China Insurance Holding will now hold 53.33% in JD Allianz Property Insurance, the report said.

Once the move is completed, Allianz China will now hold stakes in three units, including life insurance, property insurance, and asset management, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $104.30, Change: $-1.5, Percent Change: -1.42%

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