Allianz buys 19% stake in Thailand's Sri Ayudhya Capital for $95m

Allianz buys 19% stake in Thailand's Sri Ayudhya Capital for $95m

German insurer and asset manager Allianz SE has completed the acquisition of a 19.21 per cent stake in Thailand’s Sri Ayudhya Capital (AYUD) to become its largest shareholder.

On Tuesday, AYUD informed the Stock Exchange of Thailand that Allianz had made a tender offer to buy 56.93 million shares at 53.32 baht each, totalling 3.04 billion baht ($95 million).

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