Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen Allianz’ rapidly growing operations in Eastern Europe. CP has 43 …
AEGON has completed the sale of its banking subsidiary Labouchere to Dexia. Dexia paid AEGON approximately $800 million for Labouchere. AEGON will use the proceeds from the sale to redeem outstanding debt, while the book profit of approximately $550 million …
At the end of January, a breach in a retention dam at the Aural gold mine site in Baia Mare released more than 3.5 million cubic feet of highly toxic cyanide into the Tisza River, a tributary of the Danube. …
