2/14/2019, 9:40 PM (Source: TeleTrader)
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Chart for: ALLIANZ SE NA O.N.

Allianz launches €1.5B share buyback program

Allianz SE announced a new share buyback program with the volume of €1.5 billion on Thursday, ahead of its earnings report for the whole 2018 which is set to be released on Friday.

According to the press release, the program will start on March 1 and will last until the end of the year at latest. The German insurer will cancel all the repurchased shares.

Allianz's chief executive officer Oliver Bate recently announced his intent to restructure the company in order to simplify its governing structure in the next few years.

Breaking the News / MD