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Allianz
Banking & finance
Allianz withdraws offer for Income; Income says material information would have been disclosed
Allianz withdraws bid for Income, Income says preliminary plan not subject to board approval, and details of formal offer would have been disclosed
December 16, 2024
Banking & finance
Allianz is close to dropping Income insurance deal
Many in Singapore complained how the deal could lead to higher insurance premiums and betrays Income’s roots to help middle to lower-income Singapore workers
December 14, 2024
M&A
Allianz pauses talks with Amundi over control of asset manager
The two sides were unable to agree on a deal structure, including control of the combined entity.
December 08, 2024
M&A
Impact of Allianz’s proposed capital reduction on Income’s shareholders’ funds
Analysts reckon that Income Insurance's shareholders funds and tier-1 capital would have been depleted by Allianz's "planned capital optimisation".
December 05, 2024
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