The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore ...

Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open ...

The Singapore government is seeking to stop a proposed deal by Allianz SE to buy a majority stake in Income Insurance Ltd.

Singapore's government has decided it would not be in the public interest for German insurer Allianz to buy a majority stake ...

Income Insurance also said that it "respects" the government's decision and will work closely with the relevant stakeholders ...

The Singapore government’s decision to block the Income-Allianz deal is telling of the new leadership’s willingness to act ...

The deal between German insurer Allianz and Income Insurance has been called off by the Singapore Government over concerns ...

The government has tabled an amendment to the Insurance Act in Parliament, enabling the Monetary Authority of Singapore (MAS) ...

Income and NTUC Enterprise said that they will work closely with relevant stakeholders to decide on the next course of action ...

Allianz and NTUC Enterprise were informed of the rejection shortly before the government decision was made public. Read more ...

Allianz announced in July a "pre-conditional voluntary cash general offer" to buy at least 51 percent of Singapore's Income ...

It is also not clear what Income might do after the capital extraction, for example to adjust or trim its insurance portfolio ...