On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether ...
Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open ...
Income Insurance also said that it "respects" the government's decision and will work closely with the relevant stakeholders ...
The Singapore government intervened to stop a proposed deal between Income Insurance and German-based insurance giant Allianz ...
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 ...
The Singapore government plans to stop a proposed deal by Allianz SE to buy a majority stake in a homegrown insurance firm, ...
Singapore on Monday moved to stop a US$1.7 billion deal that would have allowed German insurance giant Allianz to buy a majority stake in a local insurer.
Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.
It is also not clear what Income might do after the capital extraction, for example to adjust or trim its insurance portfolio ...