Allianz has started talks with its partner Koc Holding

The German bankinsurer has started talks with its partner Koc Holding in an attempt to consolidate its presence in the Turkish market. Allianz' objective is twofold: raise its shareholding to 47,1% in the capital of the property insurer Cok Allianz Sigorta where it currently holds 37.1% and buy out 41% stakes from the life insurer Koc Allianz Hayet ve Emeklilik where it already has 38% shares.

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