US M&A expensive: Bäte

Allianz CEO Oliver Bäte has said only a large M&A deal in
the US would be worthwhile for his firm, but that American
businesses had become expensive.
In an interview with Süddeutsche Zeitung,
Bäte said he expected Donald Trump's presidency to be
positive for insurers' US businesses because of planned
corporate tax cuts, the strong dollar and a planned loosening of
supervisory rules.
He said: "It makes no sense for us to buy smaller
businesses. And then you have to...