4/5, 7:39 PM (Source: TeleTrader)
more TeleTrader news


Chart for: ALLIANZ SE NA O.N.

Allianz says won't renew its Nord Stream 1 policy

Munich-based insurer Allianz SE said on Wednesday that it doesn't plan to renew the policy for the Nord Stream 1 gas pipeline project once it expires later this year.

"The policy will expire in late 2023, is not currently up for renewal, and Allianz does not intend to renew this policy," Allianz noted in its statement.

The company was part of an insurance consortium that provided coverage for Nord Stream AG's European shareholders - Wintershall, PEG Infrastruktur, N.V. Nederlandse Gasunie and ENGIE.

Baha Breaking News (BBN) / ND