Bloomberg News

Allianz Seeks to Triple Revenue in Emerging Economies, FTD Says

April 15, 2012

Allianz SE (ALV) is seeking to triple its revenue from industrial customers in emerging economies to 2 billion euros ($2.6 billion) within five years, Financial Times Deutschland reported in a preview of an article to be published tomorrow, citing an interview with Axel Theis, the head of the Allianz Global Corporate and Specialty unit.

Theis sees most growth coming from Latin America, Eastern Europe, Russia, Africa and Asia, according to the FTD. Revenue in the relevant regions will grow from 600 million euros, FTD said.

To contact the reporter on this story: Alex Webb in Munich via awebb25@bloomberg.net.

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net.


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