Allianz, building Asian business, seeks acquisition

Article Abstract:

Allianz AG, an insurance company based in Germany, intends to purchase an Asian firm by the year 2000 as the company has plans to expand in Asia. The planned move also indicates the company's effort to attain its target of DM3 billion in Asia-Pacific premium income by 2000. Michael Diekmann, who is the CEO of Asia-Pacific Allianz AG, anticipates Allianz to market its first mutual fund in Asia, adding the product is probably a retail fund with an Asian focus, but connected to insurance. Allianz, which has assets worth DM600 billion, offers property, commercial, personal, life and casualty insurances.

Comment:

Intends to purchase an Asian firm by the year 2000 as this co has plans to expand in Asia

Acquisitions & mergers, Insurance, Insurance Carriers and Related Activities, Allianz Aktiengesellschaft Holding, Article

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TNT plans aggressive Asia growth; sale of logistics unit to allow bigger focus on postal expansion

Article Abstract:

TNT N.V. is developing its own transportation networks in order to expand in Asia. In a restructuring move, TNT is selling off its logistics division, and is expanding its postal and express- mail services.

Netherlands, Foreign operations, Organizational history, Private Mail & Express Services, Couriers and Messengers, Air courier services, Company restructuring/company reorganization, Reorganization and restructuring, Courier services, Express delivery services, Company business planning, Company organization, TNT Post Group N.V.

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Booz Allen to trim advisory business

Article Abstract:

Booz Allen & Hamilton Inc. is planning to scale down its Asian corporate advisory activities. The move is part of the company's new international focus on technology and Internet technology.

Management Consulting Services, Business & Mgmt Consulting, Business consultants, Management consultants, Consulting services, Booz Allen Hamilton Inc.

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