Bloomberg | Europe’s biggest insurer, Allianz SE, is investing money in Chicago’s parking meters. More than $1 billion was spent by Munich-based Allianz, along with Morgan Stanley and partners, on the privatizing firm Chicago Parking Meters LLC, which closed
a 75-year concession agreement to operate the city’s 36,000 parking
meters a year ago.

Allianz spokeswoman Petra Kruell declined to comment
on the size of the company’s holding in Chicago Parking Meters, saying
only that it’s a minority stake.

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