A subsidiary of German insurance giant Allianz has assembled a stake of more than 6 per cent in quoted Irish insurer FBD, which has been at the centre of recent takeover speculation.
Allianz told the stock exchange last week that it had built up the stake, worth almost €60 million, through Dresdner Kleinwort Securities, a division of the Allianz-owned Dresdner Bank.
Dresdner Kleinwort has previously assembled a number of sizeable stakes in quoted Irish companies, including...
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