News Life and Health16 Dec 2024

Singapore:Allianz reportedly discussing scrapping deal to acquire majority stake in local insurer

| 16 Dec 2024

Allianz is close to scrapping a proposed S$2.2bn ($1.63bn) acquisition of a 51% stake in Singapore's Income Insurance following public backlash to the deal, reported Bloomberg over the weekend quoting people with knowledge of the matter.

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