Allianz to take full ownership of Irish unit

Allianz is to buy the outstanding shares in subsidiary Allianz
Irish Life Holdings (AILH) to take full ownership of the company,
the German insurer announced today.
Allianz has agreed to acquire the remaining 33.5 percent stake
for EUR160mn ($172mn) in cash, or EUR20.68 per share.
Canada Life is the largest minority shareholder in AILH, with a
30.4 percent stake, and has agreed to the offer, Allianz said. The
other shareholders own 3.1 percent.
AILH is the holding company for Allianz...