HSBC to acquire Mexican pension business

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GLOBAL - Allianz, the German insurance giant, said that it will sell its Mexican annuities company to HSBC for US$29m.

Allianz Rentas Vitalicias will be sold to Grupo Financiero HSBC, a subsidiary of HSBC Holdings, subject to regulatory approval. This transaction follows the sale of the Allianz pension fund comp...

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