|
Australia's QBE
scraps $8.4 bln
bid for IAG -
QBE Insurance
Ltd (QBE.AX:
Quote, Profile,
Research)
dropped its
A$8.7 billion
($8.4 billion)
bid proposal for
rival Insurance
Australia Group
Ltd (IAG.AX:
Quote, Profile,
Research) after
IAG rejected it
as too low,
triggering an 8
percent slide in
IAG's shares.
|
Allianz in talks
on Dresdner -
Allianz CEO -
Allianz (ALVG.DE:
Quote, Profile,
Research) is in
talks about the
future of
Dresdner Bank
but it is not
yet in a
position to
report on them,
the chief
executive of
Europe's biggest
insurer said on
Wednesday.
"Discussions are
currently taking
place, although
these have not
yet reached the
stage where I
should like to
report on them
today," Michael
Diekmann said in
the text of a
speech prepared
for the group's
annual
shareholder
meeting. |
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