Singapore blocks Income’s deal with Allianz
Opinion
Channel NewsAsia Singapore · 13m
Commentary: What the surprise decision on Income-Allianz deal says about the Singapore government’s priorities
The Singapore government’s decision to block the Income-Allianz deal is telling of the new leadership’s willingness to act when there are important principles at stake, says former veteran newspaper editor Han Fook Kwang.
The Star · 3m
German insurer Allianz to consider revising multi-billion Income offer after current deal blocked by Singapore govt
German insurer Allianz said late on Monday that it will consider revisions to the proposed transaction structure to acquire a majority stake in Singapore’s Income Insurance.
Channel NewsAsia Singapore · 2h
Allianz to consider revising proposed Income deal; respects Singapore government's position
Income Insurance also said that it "respects" the government's decision and will work closely with the relevant stakeholders to "study and decide on the next course of action", taking into account the upcoming amendments to the Insurance Act.
The Edge Singapore · 2h
Ex-Income CEO 'welcomes’ government's Allianz-Income deal block; Allianz to consider revisions to proposed transaction
It is also not clear what Income might do after the capital extraction, for example to adjust or trim its insurance portfolio, and what impact this could have on policyholders: Minister Edwin Tong
Fintech Singapore · 2h
Singapore Blocks Allianz’s Bid for Income Insurance Over Public Interest Concerns
The government has tabled an amendment to the Insurance Act in Parliament, enabling the Monetary Authority of Singapore (MAS) to withhold approval of transactions involving current or former cooperative insurers if public interest is at stake.
Yahoo · 23h
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,
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