Allianz Isn't In Active Talks To Buy AIG Assets - Financial Chief
April 29 2009 - 8:04AM
Dow Jones News
Allianz SE (AZ), Europe's largest primary insurer by market
capitalization "isn't in active talks" to buy assets of American
International Group Inc. (AIG), Allianz Chief Financial Officer
Helmut Achleitner said Wednesday.
The insurer, which sold Dresdner Bank to Commerzbank AG (CBK.XE)
in January, is currently focusing on organic growth, Achleitner
said at the annual shareholders meeting.
However, Allianz wouldn't generally rule out acquisitions,
Achleitner said.
Earlier Wednesday, Chief Executive Michael Diekmann told
shareholders that the likelihood of acquisitions will be higher in
the coming years than in 2009.
Company Web site: www.allianz.com
-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500;
ulrike.dauer@dowjones.com