Allianz withdraws Income acquisition offer following intervention by Singapore Government

German insurer Allianz has withdrawn its offer to acquire a majority stake in Income Insurance following the Singapore Government's move to block the proposed transaction. Under the proposed deal, Allianz would have acquired 51 per cent of Income for S$2.2 billion. In a statement, Allianz says it remains convinced that it is the right partner to support Income's growth and mission but the decision reflects the company's financial discipline.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Allianz scraps proposed acquisition of Income Insurance, source saysAllianz SE has scrapped a proposed $1.5 billion euro (S$2.2 billion) acquisition of a 51 per cent stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said.
La source: asiaonecom - 🏆 10. / 59 Lire la suite »

Over 80% of companies hiked salaries for lower-income earning workers last year: MOM Singapore News -%
La source: IndependentSG - 🏆 2. / 72 Lire la suite »