QBE denies Allianz takeover talks

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Insurer states it is not talking to anyone about a potential sale.

QBE Insurance Group has denied that it is in talks with Allianz or anybody else over a potential takeover deal.

Speculation in the media followed after German newspaper Handelsblatt on 29 January reported that Allianz had floated an offer of A$15 [£9.04] per share, which would value QBE at A$20bn [£12.1bn].

In a statement published to the Australian Stock Exchange on 30 January 2017, QBE said it was not currently in discussions with anyone about a sale.

Discussions
The statement read: "QBE

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