It also outlines an integrated way to meet multiple sustainable development goals: limiting the global temperature rise in line with the Paris Agreement, addressing air pollution, and ensuring universal access to energy. The 2018 edition provides updated analysis to show what the latest data, technology trends and policy announcements might mean for the energy sector to 2040.
The European tech industry lost $400 billion in value last year, according to a report from venture capital firm Atomico.The World Energy Outlook (WEO) is the gold standard of long-term energy analysis. Tech startups hungry for venture capital have struggled to raise funds recently as interest rates rise worldwide. N26, once among Europe's most valued fintechs, widened losses in 2021 while its customer growth slowed following fines from Germany's financial regulator. "N26 is not currently aware of any ongoing secondary sales from existing investors, including from Allianz X, who came on board as lead investors in our Series C round," the online lender said in a statement. 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.
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.
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