BERLIN (AP) - German insurance giant Allianz AG said Sunday it will offer euro5.7 billion (US$7.1 billion) to buy out minority shareholders in RAS, an Italian insurer, to streamline its business and boost its earnings in Europe.
Allianz said holders of the 44.6 percent of RAS it doesn't already own could choose between shares in Allianz or a cash payment under the offer, which would open in mid-October.
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