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Allianz increases ownership in CPIC

(PresseBox) (Munich, ) Today, Allianz SE (Allianz) announced an incremental investment of US$ 855 million in China Pacific Insurance (Group) Co., Ltd. (CPIC) H shares.

This investment follows the initial investment of US$ 150 million during CPIC's H share IPO in December 2009. The shares were purchased as a part of a sale by The Carlyle Group (Carlyle). Allianz now owns a total of 240 million H shares in CPIC representing approximately 2,8% of CPIC's total outstanding shares and 10,4% of the H shares.

Michael Diekmann, CEO of Allianz: "We are pleased to have the opportunity to increase our long-term investment in CPIC, as we continue to strengthen our position in this important growth market. We are looking forward to further developing our strategic partnership with this successful company and its strong management team."

"I am very happy to see Allianz increasing its stake in CPIC. We welcome Allianz, a world-leading insurance company and asset manager, and look forward to a long term cooperative relationship." said Gao Guofu, Chairman of CPIC.

Allianz SE

Allianz SE is a stock corporation in the form of a European Company (Societas Europaea), incorporated in the Federal Republic of Germany and organized under the laws of the Federal Republic of Germany and the European Union. Allianz SE is the ultimate parent of the Allianz Group. The Allianz Group is one of the leading integrated financial services providers worldwide, with property-casualty insurance, life/health insurance, banking and asset management operations in more than 70 countries.

Allianz SE is member of Transparency International Germany and supports the Principles of the United Nations Global Compact and the OECD Guidelines for Multinationals through its Code of Conduct.
Allianz SE is one of the leaders of the insurance sector in the Dow Jones Sustainability Index, listed in FTSE4GOOD and in the Carbon Disclosure Leadership Index (Carbon Disclosure Project, CDP6).

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