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Allianz, Singapore
Allianz withdraws $1.63 billion offer for Singapore's Income Insurance
German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had 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SINGAPORE: German insurer Allianz on Monday (Dec 16) announced that it has withdrawn its offer to acquire a majority stake in Income Insurance.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 .
4h
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 ...
1h
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 ...
3h
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.
6h
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 Singapore
7h
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.
2h
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 ...
eVnExpress on MSN
3h
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 ...
9h
Flight of the common rose: How are Singapore’s butterflies impacted by climate change?
Because they are such sensitive creatures, butterflies are like the proverbial canary in the coal mine for the environment.
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