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Turkish car rental company Borlease buys insurer from Allianz

Turkish car rental company Borlease Otomotiv AS bought Magdeburger Sigorta from German insurance group Allianz Group, Middle East Insurance Review reported.

Magdeburger Sigorta was 80%-owned by Allianz Insurance and 20%-owned by Allianz Life and Pension Co., according to the report.