On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether ...

Singapore will block a bid by German insurer Allianz to buy a majority stake in Singapore's Income Insurance but remains open ...

The Singapore government is seeking to stop a proposed deal by Allianz SE to buy a majority stake in Income Insurance Ltd.

The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore ...

Income Insurance also said that it "respects" the government's decision and will work closely with the relevant stakeholders ...

The Singapore government intervened to stop a proposed deal between Income Insurance and German-based insurance giant Allianz ...

The government has tabled an amendment to the Insurance Act in Parliament, enabling the Monetary Authority of Singapore (MAS) ...

Income and NTUC Enterprise said that they will work closely with relevant stakeholders to decide on the next course of action ...

Allianz and NTUC Enterprise were informed of the rejection shortly before the government decision was made public. Read more ...

Allianz announced in July a "pre-conditional voluntary cash general offer" to buy at least 51 percent of Singapore's Income ...

Prime Minister Lawrence Wong says the government remains open to a new deal if the concerns are fully addressed.