Allianz deal to sell Russia operations faces delay due to regulator
Source: Reuters
FRANKFURT, Nov 10 (Reuters) - The insurer Allianz said on Thursday that a deal to sell a majority stake in its Russian operations was delayed as it awaits regulatory approval.Allianz said that the financial hit of around 400 million euros ($401.36 million) to profit from the deal would now occur in the fourth quarter of this year or in the first quarter of 2023.Allianz had previously said it expected the hit in…
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