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Allianz
M&A
S’pore government to stop US$1.7 bil Allianz-Income insurance deal
Singapore's minister of culture, community and youth Edwin Tong told parliament on Monday that the proposed transaction is not in the public interest in its current form.
October 14, 2024
M&A
Questions on Income-Allianz deal tabled in Parliament
MAS considers range of criteria when assessing change in shareholders of DSII including financial soundness and risk management
August 08, 2024
M&A
Income-Allianz deal saga: From a minority shareholder’s perspective
A minority Income shareholder suggests Income shares should be offered to the public as an IPO to be listed on the SGX.
August 06, 2024
M&A
NTUC Enterprise issues further clarification statement, stresses its commitment to Income Insurance
In a July 30 statement, NTUC Enterprise said it always aims to have the best interests of Income Insurance and its stakeholders.
July 30, 2024
M&A
NTUC Enterprise says it remains ‘fully committed’ to Income Insurance in clarification statement
NTUC Enterprise will remain a substantial shareholder after the close of the offer.
July 25, 2024
Climate change
Allianz sees damages worth tens of millions for German vineyards
Mild temperatures earlier this year helped shoots develop sooner but freezing temperatures in April caused many of them to die.
July 22, 2024
Global Economy
Briefs: ThaiBev share swap values FPL at $1.89 per FPL share; Allianz offers $40.58 per Income share
In other news, UMS is eyeing a secondary listing in Malaysia; former Fed official Kaplan sees rate cuts likely in September.
July 18, 2024
M&A
Allianz offers $40.58 per Income share, representing premium of 37.3% over NAV
Allianz has offered $40.58 per share for Income, valuing a 51% stake at $2.2 billion, subject to regulatory approval.
July 17, 2024
M&A
Income Insurance and Allianz hold 'transaction' talks, latest possible Singapore insurance M&A
This news follows OCBC’s $1.4 bil offer to fully acquire Great Eastern, and Sumitomo’s acquisition of Singlife.
June 14, 2024
US Economy
El-Erian says Ukraine war effect to spur US inflation higher
El-Erian estimates the rate will peak at "very close or above 10%" before retreating.
March 14, 2022