CORRECT: Allianz Plans to Delist Yapi Kredi Sigorta in Istanbul

(Corrects sales price of Yapi Kredi Sigorta in note.) Allianz has applied to regulator to remove its Turkish insurer from the Borsa Istanbul, Munich-based company says in a statement.

  • Allianz to offer 18.8 liras per share for Yapi Kredi Sigorta * Shares traded at 24.75 liras before announcement
  • NOTE: Allianz bought Yapi Kredi Sigorta last year for 1.79b liras from Yapi & Kredi Bankasi AS, the Turkish lender part-owned by UniCredit