Allianz France is a French insurance company, headquartered in Rue de Richelieu, Paris. Assurances Générales de France (the company only refers to itself as AGF) is a majority-owned subsidiary of the German multinational Allianz SE. The company provides insurance and financial services in France and internationally. In 1990, AGF was 72% state owned by the French government. Thus, AGF was among those companies owned in large part by the government in 1993 when passage of a French "denationalization law" took place. AGF was privatized as part of the law's implementation in 1996,: 137 though the French government retained a 57% ownership stake. This level of ownership is consistent with the company remaining a part of French economic infrastructure in a crossed share holding set of relationships with Société Générale and Alcatel-Alsthom. A second such "pole" at the time (1996) consisted of Banque Nationale de Paris, Union des Assurances de Paris and Suez. More information...
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