Allianz sells private bank OLB to Apollo for 300 million euros: Reuters

German insurer Allianz (ALVG.DE) said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) (OLBG.F) to U.S. private equity firm Apollo (APO.N) for 300 million euros ($336 million), Reuters reported.

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