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Wednesday, April 23, 2008

Allianz boosts stake in Turkish ventures - Forbes.com

"Allianz boosts stake in Turkish ventures

FRANKFURT, Germany -

Insurer Allianz SE, Europe's biggest insurer, said Monday that it will increase its stakes in a pair of joint ventures with Turkey's Koc Holding AS at a cost of almost $600 million, giving it majority control of the two insurance businesses."

More:Allianz boosts stake in Turkish ventures - Forbes.com