Allianz, Income Insurance

Allianz Withdraws Offer to Acquire Income Insurance
Allianz said that it is withdrawing a preconditional offer made in July for a 51% stake in the insurer, adding that it respects a decision by the Singapore government against the transaction.
Allianz withdraws $1.63 billion offer for Singapore's Income Insurance
German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed acquisition.
Allianz calls off deal with Income Insurance after public scrutiny
The German insurer remains convinced it is the right partner to support Income’s continued growth. Read more at straitstimes.com.
Allianz withdraws offer to acquire Income Insurance after Singapore government intervention
SINGAPORE: German insurer Allianz on Monday (Dec 16) announced that it has withdrawn its offer to acquire a majority stake in Income Insurance. This comes after the Singapore government raised concerns about the proposed deal, which was first announced on Jul 17 .
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).
Allianz Pulls $1.7 Billion Bid to Buy Stake in Singapore Insurer
Allianz SE withdrew an offer to buy a majority stake in Singapore insurer Income Insurance Ltd. for about S$2.2 billion ($1.7 billion), following public backlash to the deal.
Allianz scraps proposed acquisition of Income Insurance: Source
Allianz SE has scrapped a proposed $1.5 billion euro (US$1.58 billion) acquisition of a 51 per cent stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a so
Allianz bids Income Insurance 51% takeover goodbye
The move follows changes to the Insurance Act announced last 14 October. Allianz, through its subsidiary Allianz Europe B.V., has withdrawn its offer to acquire at least 51% of Income Insurance.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.
Germany’s Allianz withdraws offer to acquire Singapore’s Income Insurance
The decision comes after public outcry and government scrutiny over the importance of balancing commercial interests with social responsibility.
Allianz withdraws takeover offer for Singapore's Income Insurance
German insurance giant Allianz has withdrawn a $1.6 billion takeover offer for Singapore's Income Insurance following resistance from the South-East Asian country's government, the Munich-based company said on Monday.
Allianz may drop $1.63b bid for Income Insurance: Report
Sources familiar with the matter told Bloomberg. Allianz is reportedly close to abandoning its planned $1.63b acquisition of a 51% stake in Singapore’s Income Insurance following public backlash and government concerns,
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