Tag: insurance venture

Santander Pays Allianz $1.1 Billion to End Spanish Venture

London, England - March 20, 2011: Santander Bank Sign outside its branch in London Euston.

Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the country. Aegon NV and Mapfre SA are now set to become Santander’s insurance partners in Spain. Aegon is… Continue reading Santander Pays Allianz $1.1 Billion to End Spanish Venture