Allianz well-shielded against takeover attempts

Allianz, the world's fourth-largest insurer by market value, is well-protected against potential takeover attempts, its chief financial officer told a German paper. "Whoever wanted to buy a company like Allianz with a market value of more than 85 billion euros ($100 billion) would still have to pay a premium, too. We are well-protected due to our size," Dieter Wemmer told Boersen-Zeitung in an interview.
Friday's closing price of 197.05 euros a share gives Allianz a market capitalisation of 87.7 billion euros, according to Reuters data. Sources told Reuters in September that China's Anbang Insurance Group and HNA Group both considered buying into Allianz this year as part of plans to become global financial powerhouses.