Allianz Seeks Sale of Stake in Fintech N26 at Discounted Valuation, FT Reports
19 Abril 2023 - 3:16AM
Dow Jones News
--Allianz SE's venture-capital arm is looking to sell its stake
of around 5% in N26 at a valuation of $3 billion, a steep discount
relative to the $9 billion the fintech company was valued at in its
last funding round in 2021, the Financial Times reports, citing
unnamed sources.
--Allianz could fetch around $160 for its stake in the fintech,
which would more than triple what it invested in N26 five years
ago, according to the FT.
Full story: https://on.ft.com/41lOKRV
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
April 19, 2023 02:01 ET (06:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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