Allianz sells Oldenburgische bank stake 'at loss'

Allianz has sold its 90.2 percent stake in German regional bank
Oldenburgische Landesbank AG (OLB) to Bremer Kreditbank AG for
EUR300mn ($335.7mn).The German insurer announced the sale on Friday and on Sunday
said it would book a EUR200mn loss on the transaction, according to
Reuters.However, Allianz added the loss will not affect its profit
outlook for the year as it had already been taken into account, and
that the move would actually improve the company's Solvency II
ratio....