Allianz SE (ALV.DE)

XETRA - XETRA Delayed Price. Currency in EUR

302.80

+1.60

(+0.53%)

At close: 05:37PM CEST

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Life Insurance International
Singapore’s amendment to Insurance Act blocks Allianz $1.7bn deal
The government declared the transaction with Income Insurance not in the public interest, prompting the legislative change.
Fortune
Singapore hits brakes on $1.7 billion Allianz deal for onetime insurance cooperative after it sparks public outcry
On Monday, Singapore’s government decided to block the deal until Allianz addressed some of its concerns, including whether Income Insurance will be able to continue its social mission.