UNTERFOEHRING, Germany (Reuters) - Allianz's
Allianz last year put out feelers toward public sector insurer Provinzial Nordwest, with sources close to Provinzial Nordwest's owners saying Allianz was prepared to pay the insurer's book value of 2.25 billion euros ($2.95 billion).
The approach ran into the sand, however, after Provinzial Nordwest said it would explore a merger with fellow public sector insurer Provinzial Rheinland instead. ($1 = 0.7628 euros)
(Reporting by Alexander Huebner, writing by Jonathan Gould)