Allianz Buys 8.33% Stake in Bayern München For EUR110M

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Allianz SE Tuesday said it is buying an 8.33% stake in FC Bayern München, thereby
extending its partnership with the premier league soccer club across town.
Allianz, Europe’s biggest insurer by revenues, said it would buy the stake for EUR110 million ($149.97 million), as part of a capital increase at the soccer club.
FC Bayern intends to use the capital from the Allianz investment for the repayment of debts and for launching a youth football center of excellence. The naming rights, including an option, for the FC Bayern München stadium, the Allianz Arena, have been secured long term until 2041.
Allianz Buys 8.33 %Stake in Bayern München For EUR110M

Money and SportWarum steigt eine Versicherung beim Fussball ein?

 

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