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

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 ...

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

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

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

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

The Ministry of Culture, Community and Youth says it is not confident that the proposed transaction would not affect Income, ...

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

Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.