Allianz, Singapore
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 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 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.
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 Income-Allianz deal but leaves door open if concerns over public interest are fully addressed
The Ministry of Culture, Community and Youth says it is not confident that the proposed transaction would not affect Income, or the co-op movement as a whole to carry out its social mission.
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.
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
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Income-Allianz deal: NTUC central committee did not know about capital reduction plan, says Desmond Tan
NTUC's central committee only found out about the capital reduction plan during the ministerial statement on Monday (Oct 14).
Fraying of Allianz-Income deal a shocker
The fraying of the proposed union between German insurer Allianz and Singapore’s Income Insurance has left people close to ...
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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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 ...