Allianz, Singapore
Singapore Lawmakers Amend Bill to Stop Allianz’s Insurance Deal
Singapore lawmakers passed an amendment to a bill that will effectively block Allianz SE’s proposed S$2.2 billion ($1.7 billion) acquisition of a majority stake in a local insurance firm. Most Read fr
Singapore hits brakes on $1.7 billion Allianz deal for one-time insurance cooperative after it sparks public outcry
Singapore’s government made a rare intervention in a merger deal, stepping in to block a controversial $1.7 billion deal by Germany’s Allianz to buy Income Insurance, a cooperative-turned-company.
Singapore to block Allianz deal for Income but open to new offer, PM says
Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open to a new deal if its concerns can be addressed, Prime Minister Lawrence Wong said in a Facebook post on Monday.
CNA Explains: What you need to know about the Income-Allianz deal being blocked by Singapore
The Singapore government intervened to stop a proposed deal between Income Insurance and German-based insurance giant Allianz, with three Cabinet ministers explaining the rationale.
Singapore still committed to being open, rules-based despite legal changes to stop Allianz-Income deal: Chee
ADDRESSING concerns by Members of Parliament about the hastiness of amending insurance laws, Monetary Authority of Singapore (MAS) deputy chairman Chee Hong Tat said that Singapore “remains committed to upholding our status as an open,
Singapore to Halt $1.69 Billion Allianz Deal for Majority Stake in Income Insurance
The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore insurance company Income Insurance.
Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal
The Singapore government is seeking to stop a proposed deal by Allianz SE to buy a majority stake in Income Insurance Ltd. under its current form.
MPs question ‘rushed’ amendment of insurance laws in light of Allianz-Income deal
SINGAPORE’S urgency in amending its insurance laws comes out of German insurer Allianz’s bid for a majority share in Income Insurance being under “active consideration” by Income’s shareholders, said Monetary Authority of Singapore (MAS) deputy chairman Chee Hong Tat on Wednesday (Oct 16).
Allianz: Respect Singapore Government's Position on US$1.69B Income Insurance Deal
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MPs raise questions over communication, business uncertainty in move to block Allianz-Income deal
These issues and more were raised in a lengthy Parliament debate lasting four hours. Read more at straitstimes.com.
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Income-Allianz deal: MPs raise concerns about government blocking foreign investment deals, impact on reputation
Second Minister for Finance Chee Hong Tat said Singapore remains committed to being an “open, rules-based and pro-enterprise business hub”.
Singapore Halts Allianz Bid To Buy Majority Stake In Local Insurer
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.
Parliament passes Bill to allow Govt to block deals like Allianz-Income tie-up
MAS can consider MCCY's views for deals involving an insurer that is either a co-op or linked to one. Read more at ...