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Allianz, Singapore and Income Insurance
Allianz withdraws $1.63 billion offer for Singapore's Income Insurance
Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the German company said in a statement on Monday. Reuters reported on Dec. 13 that the German insurer has scrapped the proposed acquisition.
Allianz Pulls $1.7 Billion Bid to Buy Stake in Singapore Insurer
Allianz SE withdrew an offer to buy a majority stake in Singapore insurer Income Insurance Ltd. for about S$2.2 billion ($1.7 billion), following public backlash to the deal.
Allianz withdraws offer to acquire Income Insurance after Singapore government intervention
SINGAPORE: German insurer Allianz on Monday (Dec 16) announced that it has withdrawn its offer to acquire a majority stake in Income Insurance. This comes after the Singapore government raised concerns about the proposed deal, which was first announced on Jul 17 .
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20m
Allianz withdraws takeover offer for Singapore's Income Insurance
German insurance giant Allianz has withdrawn a $1.6 billion takeover offer for
Singapore
's Income Insurance following ...
5h
on MSN
Singapore Home Sales Surge to Decade High, Stoking Curb Concerns
Singapore home sales jumped to their highest level in more than a decade, confirming a property market revival that’s raising ...
Channel NewsAsia Singapore
8h
String of issues at Singapore running events draw ire of both recreational and elite competitors
Issues at events over the past year have led to organisers apologising to participants both publicly and privately.
8h
Singapore looks to its neighbours to import low-carbon energy, but obstacles remain
Singapore has begun low-carbon electricity imports from Malaysia – but regional cooperation and cost-sharing are still an ...
2h
Will Thailand dethrone Singapore as global investment hub in 2025?
BANGKOK: Thailand will introduce the OECD’s Global Minimum Tax of 15% for multinational corporations from Jan 1 next year.
4h
Singapore business confidence remains mixed for Q1 2025
Firms in the construction, transportation and financial sectors are the most optimistic. Read more at straitstimes.com.
3h
Singapore envoy calls out Gurugram cafe over ‘tasteless chai’; founder responds with an invite
Simon Wong posted two images of the cafe's interior and a kulhad, expressing his disappointment at having to pay Rs 169 (tax ...
13d
on MSN
Singapore Gets Bad News Amid Sinking Birth Rate
Despite its graying population, the city-state boasts a higher workforce participation rate than many major cities, including ...
TradeWinds
6h
Singapore’s FSL Trust sells small chemical tanker coming off charter
Cumbrian Fisher sale likely to be followed by sale of sistership also ending charter to UK company James Fisher ...
Hosted on MSN
5h
Singapore reports sharp rise in arrests for harboring, hiring illegal immigrants
The Immigration and Checkpoints Authority (ICA) of Singapore has reported a 31.6% increase in arrests for harboring or hiring ...
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