Allianz may seek a partial or total sale of its 90% stake in Oldenburgische Landesbank AG (OLB). The German lender has been struggling to restructure itself since the collapse of Lehman Brothers Holdings Inc and is seeking an investor with more than €1 billion ($1.06 billion) in capital.
Allianz may seek a partial or total sale of its 90% stake in Oldenburgische Landesbank AG (OLB). While OLB has total assets of €13bn, the raise of regulatory capital requirements for EU insurers has reduced the profit Allianz can gain from stake holdings, causing it to review its options.