Allianz withdraws pre-conditional offer for Income Insurance
2 days ago · Allianz withdraws the pre-conditional voluntary cash general offer to acquire majority stake in Income Insurance Limited (Income Insurance) originally announced on July 17 • This follows the Singapore Government’s announcement on October 14, 2024, expressing its views on why the transaction should not proceed on its present terms and the subsequent changes to the Insurance Act • Allianz ...
Allianz pulls out of Income Insurance deal after Singapore's …
9 hours ago · Despite assurances from Allianz and NTUC Enterprise, which holds a 72% stake in Income Insurance, the government found no binding mechanisms to safeguard the company’s social mission after the ...
Allianz calls off deal with Income Insurance after public scrutiny
22 hours ago · SINGAPORE - Allianz’s planned union with Income Insurance has fallen through, five months after the German insurer made an offer to buy a controlling stake in the home-grown outfit. The German ...
Allianz Withdraws Offer to Acquire Income Insurance
20 hours ago · Allianz had offered 2.2 billion Singapore dollars, equivalent to US$1.63 billion, for a controlling stake in Income Insurance as part of plans to expand in the region.
Allianz withdraws offer to acquire Income Insurance after ... - CNA
22 hours ago · German insurer Allianz announced in July 2024 it was planning to buy a majority stake in Singapore's Income Insurance. (File photos: NTUC, Reuters/Gonzalo Fuentes) New: You can now listen to ...
Allianz bids Income Insurance 51% takeover goodbye
3 hours ago · Allianz, through its subsidiary Allianz Europe B.V., has withdrawn its offer to acquire at least 51% of Income Insurance. The withdrawal follows changes to the Insurance Act announced by the Singapore Government on 14 October. Allianz originally announced its pre-conditional voluntary cash general offer on 17 July.
Allianz Withdraws Income Insurance Offer With 'Regret', Citing ...
20 hours ago · Allianz has officially withdrawn its pre-conditional voluntary cash offer to acquire a majority stake in Income Insurance, a deal initially announced on 17 July 2024. The decision follows the Singapore government’s announcement during a parliamentary sitting on 14 October, expressing reservations about the transaction in its current form, and ...
Allianz Withdraws $1.63B Offer for Singapore’s Income Insurance
1 day ago · German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday.
Allianz Pulls $1.7 Billion Bid to Buy Stake in Singapore Insurer
22 hours ago · Allianz SE withdrew an offer to buy a majority stake in Singapore’s Income Insurance Ltd. for about S$2.2 billion ($1.6 billion), dealing a blow to its ambitions in a key growth market.
Allianz Withdraws Offer To Buy Majority Stake In Income Insurance
18 hours ago · Allianz SE Monday announced the decision to withdraw its pre-conditional voluntary cash general offer to acquire at least 51 percent of the shares in Income Insurance Ltd., amounting to a total transaction value of approximately S$2.2 billion or 1.5 billion euros.The decision comes after the Singapore Government announced its views on why the transaction should not proceed on its present terms ...
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