Deep search
Rewards
Search
Copilot
Images
Videos
Maps
News
Shopping
More
Flights
Travel
Hotels
Real Estate
Notebook
Top stories
Sports
U.S.
2024 Election
Local
World
Science
Technology
Entertainment
Business
More
Politics
Any time
Past hour
Past 24 hours
Past 7 days
Past 30 days
Best match
Most recent
Singapore blocks Income’s deal with Allianz
Singapore blocks Income-Allianz deal but leaves door open if concerns over public interest are fully addressed
The Ministry of Culture, Community and Youth says it is not confident that the proposed transaction would not affect Income, or the co-op movement as a whole to carry out its social mission.
Ex-Income CEO 'welcomes’ government's Allianz-Income deal block; Allianz to consider revisions to proposed transaction
It is also not clear what Income might do after the capital extraction, for example to adjust or trim its insurance portfolio, and what impact this could have on policyholders: Minister Edwin Tong
Singapore Blocks Allianz’s Bid for Income Insurance Over Public Interest Concerns
The government has tabled an amendment to the Insurance Act in Parliament, enabling the Monetary Authority of Singapore (MAS) to withhold approval of transactions involving current or former cooperative insurers if public interest is at stake.
Allianz to consider revising proposed Income deal; respects Singapore government's position
Income Insurance also said that it "respects" the government's decision and will work closely with the relevant stakeholders to "study and decide on the next course of action", taking into account the upcoming amendments to the Insurance Act.
Allianz to consider revising Income offer after current deal blocked by Singapore Govt
Income and NTUC Enterprise said that they will work closely with relevant stakeholders to decide on the next course of action. Read more at straitstimes.com.
Govt halts Income-Allianz deal in current form, remains open if public-interest concerns are addressed
The government will put a halt to the deal between NTUC Income and German insurer Allianz to protect public interest, said Minister for Culture, Community and Youth Edwin Tong. In a ministerial statement in Parliament on Monday (Oct 14),
S’pore government to stop US$1.7 bil Allianz-Income insurance deal
Singapore's minister of culture, community and youth Edwin Tong told parliament on Monday that the proposed transaction is not in the public interest in its current form.
Income-Allianz deal off, S'pore govt assesses it to be not in public interest
The proposed deal between Allianz and NTUC Income has been called off after the government assessed that it "would not be in the public interest." The deal, which would have seen Allianz acquiring a majority stake in Income, was first announced on Jul. 17, 2024.
Government halts Income-Allianz deal to safeguard public interest
The government will put a halt to the deal between NTUC Income and German insurer Allianz to protect public interest, said Minister for Culture, Community and Youth Edwin Tong. In a ministerial statement in Parliament on Monday (Oct 14),
Singapore to block Allianz deal for Income, citing public interest, CNA reports citing minister
Singapore's government has decided it would not be in the public interest for German insurer Allianz to buy a majority stake in Singapore's Income Insurance for about $1.6 billion, Channel News Asia reported on Monday,
34m
Allianz-Income deal frazzle shocks insiders; coming up with new proposal no easy task
Allianz and NTUC Enterprise were informed of the rejection shortly before the government decision was made public. Read more ...
Business Times
3h
Allianz to consider revisions to proposed Income deal; says it respects Singapore government’s position
GERMAN insurer Allianz will consider revising the proposed transaction structure to purchase a majority stake in Singapore’s ...
Channel NewsAsia Singapore
7h
Ex-NTUC Income CEO Tan Suee Chieh lauds government's move to block deal with Allianz
Mr Tan was one of the prominent voices who spoke out against the proposed deal between Income Insurance and German insurer ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Trending now
GOP ad mistake in MI
BP endorses Trump
Calls for cognitive test
Arrests at the NYSE
MA town fines resident
Urged to reverse trans ban
Human smell study
Harbaugh’s heart scare
FEMA pauses aid in NC
Rapper Ka dies at 52
Hezbollah drone attack
Tech founder's murder trial
Game Freak data breach
Files for bankruptcy
2,471-pound pumpkin wins
Approves mpox vaccine
Hit with new civil lawsuits
FL power to be restored
Ethel Kennedy’s funeral
On their way to DC
Equal pay icon dies
Rally suspect denies plot
NY-bound flight diverted
Adult ADHD study
Fed’s Kashkari on rate cuts
Indigenous Peoples Day
Europa Clipper launches
Campaign events in PA
EU trial about funds
COVID linked to diabetes?
Feedback