Allianz to buy venture stakes in Taiwan pair

Article Abstract:

Taiwan-based insurance firms Eagle Star President Life Insurance Co. and Eagle Star President General Insurance Co. will sell 50% stakes to Germany's Allianz AG for an undisclosed sum. The stakes in the two Taiwanese firms were held by Zurich Financial Services. Industry analysts have said that Allianz is following a strategy of purchasing life insurance firms.

Taiwan, Acquisitions & mergers, Life Insurance, Direct Life Insurance Carriers, Mergers, acquisitions and divestments, Life insurance industry

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Holzmann union lengthens workweek

Article Abstract:

Philipp Holzmann AG has reached an agreement with construction-union officials in Germany over a longer workweek. The union agreed to lengthen the workweek by five overtime hours for the next eight-month period.

Nonbuilding Construction, Highway, Street, Bridge, and Tunnel Construction, Personnel administration, HEAVY CONSTRUCTION, EX. BUILDING, Construction industry, Heavy construction, Human resource management, Philipp Holzmann AG

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Allianz gets started on major shuffle of industrial assets

Article Abstract:

Allianz is planning to reduce its minority share in Siemens AG by over 50%. The company will lower its 2.6% share by selling off 1.7 billion euros in bonds which can be exchanged into Siemens shares.

Diversified Companies, INSURANCE CARRIERS, Securities, Siemens AG

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