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Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the German company said in a statement on Monday.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 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SINGAPORE: German insurer Allianz on Monday (Dec 16) announced that it has withdrawn its offer to acquire a majority stake in Income Insurance.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 .
Allianz Is Close to Dropping Income Insurance Deal
Allianz SE is close to scrapping a proposed S$2.2 billion ($1.6 billion) acquisition of Singapore’s Income Insurance Ltd. following public backlash to the deal, people with knowledge of the matter said.
Allianz scraps proposed acquisition of Singapore's Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said.
Allianz nears exit from $2.2B Income Insurance deal - report
German insurer Allianz SE (OTCPK:ALIZF) (OTCPK:ALIZY) is reportedly on the verge of abandoning its S$2.2B ($1.6B) bid to acquire Singapore's Income Insurance Ltd. The news comes after Allianz (OTCPK:ALIZF) struggled to address government concerns on the proposed deal,
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 ...
10 years’ jail for Singapore man who posed as forex trader, cheated 13 people of over US$3.4mil
SINGAPORE: A businessman posed as a successful forex trader – and even published books and magazines to establish his ...
Singapore business confidence remains mixed for Q1 2025
SINGAPORE - Local businesses in Singapore maintained cautious optimism for the first quarter of 2025 amid a moderate rise in ...
Reuters7h
Singapore's ChemOne delays Pengerang complex's start to 2028
SINGAPORE, Dec 16 (Reuters) - Singapore's ChemOne Group has delayed the start of its Pengerang Energy Complex (PEC) to the fourth quarter of 2028, with construction set to begin by mid-2025, it ...
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 ...
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 ...
Channel NewsAsia Singapore6h
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.
eVnExpress on MSN2h
45% of Singapore workers fear admitting to AI use
Nearly half of employees in Singapore feel uncomfortable admitting to their managers that they use artificial intelligence ...
VN Express1h
Singapore, Vietnam firms in talks for new undersea cables, sources say
Singaporean asset manager Keppel and a Vietnamese conglomerate are discussing plans for new undersea fiber-optic cables that ...
IFC Sees Singapore Commitments Remaining Near Record $2 Billion
International Finance Corp. sees this year’s annual funding commitments to Singapore remaining near a record level, according ...
eVnExpress on MSN3h
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 ...