Singapore blocks Income’s deal with Allianz
Singapore to block Allianz deal for Income but open to new offer, PM says
Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open to a new deal if its concerns can be addressed, Prime Minister Lawrence Wong said in a Facebook post on Monday.
Singapore to Halt $1.69 Billion Allianz Deal for Majority Stake in Income Insurance
The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore insurance company Income Insurance.
Singapore Blocks $1.7 Billion Allianz-Income Insurance Deal
The Singapore government is seeking to stop a proposed deal by Allianz SE to buy a majority stake in Income Insurance Ltd. under its current form. Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms,
Singapore blocks Income-Allianz deal but leaves door open if concerns over public interest are fully addressed
The Ministry of Culture, Community and Youth says it is not confident that the proposed transaction would not affect Income, or the co-op movement as a whole to carry out its social mission.
Singapore to block Allianz deal for Income, citing public interest, CNA reports citing minister
Singapore's government has decided it would not be in the public interest for German insurer Allianz to buy a majority stake in Singapore's Income Insurance for about $1.6 billion, Channel News Asia reported on Monday,
Singapore blocks Income’s deal with Allianz, as PM Wong cites ‘structure, terms’ concerns
Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.
Income-Allianz deal off on social concerns, says Singapore
The gov’t found no binding provisions in the deal to safeguard social mission post-acquisition. The Singapore Government has blocked the proposed acquisition of Income Insurance by insurer Allianz, citing concerns over the impact on Income's social mission.
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