Allianz In Talks To Sell AGF Private Equity

PARIS (Reuters) – German insurer Allianz (ALVG.DE) said on Monday it was in exclusive talks over a possible sale of its French AGF Private Equity division to IDI, another private equity firm.

IDI said it would aim to expand the AGF Private Equity business if it acquired it, and the parties involved said they hoped to reach a deal as soon as possible.

(Reporting by Sudip Kar-Gupta; Editing by Jon Loades-Carter)