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Allianz withdraws $1.63 billion offer for Singapores Income Insurance

German insurer Allianz has withdrawn its offer to acquire at least 51 of Singapores Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed acquisition.

Posted by Hicham ALAOUI RIZQ on 2024, Dec 16

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German insurer Allianz has withdrawn its offer to acquire at least 51 of Singapores Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed acquisition.

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