| The key deals in 2005 |
Simultaneous €1.3 billion index-linked forward monetisation, €1.6 billion mandatory exchangeable, €1.4 billion subordinated bond with warrants, €2.7 billion senior debt buy back, and internal share transfer.
€377.2 million block trade 12 July €1.125 billion accelerated bookbuild
€5.7 billion acquisition of remaining 44.6% of shares in Italian insurer Riunione Adriatica di Sicurta
Innovative €2.185 billion accelerated share placement in which Allianz issued 10.1 million new shares and borrowed 10.7 million existing shares from investors to sell them on to others. |
ALLIANZ IS ONE of the most prized clients in investment banking. It’s the fourth-largest financial group in the world, with revenues last year close to €100 billion. In 2005 it was behind about $10 billion-worth of M&A deals, €6 billion of equity sales and more than $2 billion of debt issues. Investment bankers who have worked with Allianz treasurer Stephan Theissing describe him as one of the smartest in the business.