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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.
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.
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 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.
Opinion
Commentary: What the surprise decision on Income-Allianz deal says about the Singapore government’s priorities
The Singapore government’s decision to block the Income-Allianz deal is telling of the new leadership’s willingness to act when there are important principles at stake, says former veteran newspaper editor Han Fook Kwang.
Allianz to consider revisions to proposed Income deal; says it respects Singapore government’s position
GERMAN insurer Allianz will consider revising the proposed transaction structure to purchase a majority stake in Singapore’s Income Insurance. Read more at The Business Times.
Allianz: Respect Singapore Government's Position on US$1.69B Income Insurance Deal
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More. Back To Top
6h
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 ...
2d
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.
Business Times
13h
Insurance law changes tabled on urgent basis as Allianz deal is ‘under active consideration’ by Income shareholders: Chee
SINGAPORE’S urgency in amending its insurance laws is because German insurer Allianz’s bid for a majority share in Income ...
4h
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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