Allianz consortium buys German motorway service stations-source

August 3, 2015 10:00 AM

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FRANKFURT Aug 3 A consortium led by insurer Allianz has clinched a deal to buy Germany's motorway service station Tank&Rast, a source familiar with the transaction said on Monday.

The group, which also includes Munich Re's MEAG unit, sovereign wealth fund Abu Dhabi Investment Authority and Borealis, part of pension fund OMERS, submitted a bid worth roughly 3.5 billion euros ($3.84 billion), the source said, adding that the deal was set to be announced later on Monday.

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