The Financial Times first reported the story earlier on Wednesday.Īllianz X, the venture capital arm of the Munich-based insurance group, has mandated an adviser to sell about 5% in N26 at a discount of around 68% compared to a 2021 valuation of $9 billion, the FT report said, citing sources.Īllianz X is one of the largest external investors in N26, according to the FT report.
"Undertaking discussions does not necessarily mean acting on or consummating these discussions," Allianz said in an e-mailed reply to a Reuters request for comment.
Use this phrase to say that something is extremely inexpensive.April 19 (Reuters) - A unit of Allianz SE (ALVG.DE) is considering selling its stake in German online bank N26 at a steep discount, valuing the lender at $3 billion, two sources familiar with the matter told Reuters on Wednesday.Īllianz would still be able to multiply its investment at that valuation, the sources added. This is an idiomatic expression that means you bought something for a very low price. This expression can be used for any amount – for example, buying a $50,000 car for $10,000 is “a real bargain,” and buying a $100 shirt for $10 is also “a real bargain.” #9 – I got it for a song. You can use this phrase to describe something that was a VERY good price for the value like you can’t believe you received so much for the price you paid. It was buy one, get one free.īoth the expressions “two for the price of one” and “buy one, get one free” are common phrases used to describe a special offer when you buy one product at normal price, and get another one of the same product for free. The word “off” in the context of price means it’s a discount. If you describe a price as “reasonable,” it means that you think it’s a fair price for what you will receive. Use these phrases to say that you don’t have enough money to buy something.
This is an idiomatic expression that means you’re paying too much for something, and it’s painful. For example – “I’m paying through the nose to park my car in a private garage in New York City – it’s $600 a month!” #4 – That’s a little outside my budget. Use these phrases to say that something was VERY expensive. #2 – It cost a fortune / an arm and a leg. Use these phrases to say that something is a little bit expensive.
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