“It’s at an early phase of consideration,” an Allianz spokesman said. 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). 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.