Allianz withdraws offer for majority stake in Income Insurance following Govt opposition

Описание к видео Allianz withdraws offer for majority stake in Income Insurance following Govt opposition

German insurer Allianz SE has announced the withdrawal of its S$2.2 billion (US$1.6 billion) pre-conditional voluntary cash general offer to acquire a 51% stake in Singapore’s Income Insurance Limited (Income Insurance). This decision follows the Singapore Government’s strong opposition to the deal and recent amendments to the Insurance Act, which effectively blocked the transaction.

Read more at: https://www.theonlinecitizen.com/2024...

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