By Pietro Lombardi 
 

Allianz SE (ALV.XE) has invested in Chinese insurer Taikang Life Insurance, a spokeswoman for the German insurer said Wednesday.

The spokeswoman didn't say what the value of the investment was, but an earlier report by Bloomberg said Allianz has paid $1 billion for a stake in the company.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

November 06, 2019 08:50 ET (13:50 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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