Allianz says discussions with Income and NTUC Enterprise are ongoing.
SINGAPORE - German insurer Allianz has said it is still figuring out the next steps in a reference to its now-stalled deal to buy a majority stake in local insurer Income Insurance.
“There is no guarantee that any transaction will take place” and further announcements will be made when appropriate, it added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Allianz-Income deal: Shanmugam clarifies he only passed on ex-NTUC Income chief's viewsSINGAPORE — The ultimate decision to amend the Insurance Act — which would prevent the current form of the Allianz-Income deal from going through — was made by Prime Minister Lawrence Wong himself, together with the Cabinet. Law and Home Affairs Minister K.
Read more »
Not certain the Income deal will take place, discussions ongoing: AllianzAllianz says discussions with Income and NTUC Enterprise are ongoing.
Read more »
Income-Allianz deal: NTUC central committee did not know about capital reduction plan, says Desmond TanNTUC's central committee only found out about the capital reduction plan during the ministerial statement on Monday (Oct 14). It was later told that this plan was "commercially sensitive information", says deputy secretary-general Desmond Tan.
Read more »
NTUC unaware of $1.85 billion shareholder payout plan in Allianz-Income dealThe National Trades Union Congress (NTUC) central committee was not informed about Income Insurance's plan to return $1.85 billion to shareholders under the Allianz-Income deal before it was revealed in Parliament, NTUC deputy secretary-general Desmond Tan stated.
Read more »
NTUC central committee not aware of capital reduction plan in Allianz-Income deal: Desmond TanIncome had to comply with the legal responsibility of non-disclosure of commercially sensitive information, he said.
Read more »
Ng Chee Meng confirms NTUC respects Govt's decision to halt Allianz deal Singapore News%
Read more »