Allianz market cap drops ~€7bn as warns DoJ probe could “materially impact” future

Allianz and DoJ

Shares in Allianz dropped almost 8 percent yesterday to close at €193.70, cutting around €7bn ($8.3bn) from the firm’s market capitalisation in a single day as investors digested warnings from the carrier that its future financials may be impacted by pending litigation in the US.

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