Radar > 233559

Banco Popular and Allianz renew partnership Allianz Popular

Banco Popular y Allianz renuevan su alianza en Allianz Popular

Intel ID : 233559
Synopsis

Banco Popular (BME:POP), a Spain-based financial entity, and Allianz (FWB:ALV), based in Germany, renewed their partnership Allianz Popular, a Spain-based holding, held by Allianz, with 60%, and Banco Popular, with 40%, reported Expansión on 3 February, 2016.

The aim of the partnership is to increase the sale of insurance, for which Banco Popular signed a new non-life insurance distribution agreement with Allianz at the end of 2015.
(content in spanish)

Banco Popular (BME: POP), entidad financiera española y Allianz (FWB: ALV), empresa alemana, han renovado su alianza en Allianz Popular, holding español controlado al 40% por el primero y al 60% por el segundo, según ha reportado el diario Expansión el 3 de febrero de 2016.

El objetivo de dicha alianza es aumentar la venta de seguros, para lo cual se firmó a finales de 2015 “un nuevo acuerdo de distribución de seguros de no vida con Allianz”.

Bidder

Ultimate Owner (Buyer)


Intel ID 233559
Value ND
Native Currency Euro (EUR)
Financial Data - Allianz Popular
(31 Dec 2015)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Description

Ultimate Owner (Buyer)

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Secondary Sectors (TTRSC)
25.02.05 Multiline Insurance Providers
25 Financial Services / 25.02 Insurance

Country
Website
Description

Ultimate Owner (Buyer)

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.