For subscribers
Income Insurance’s minority shareholders back to square one in wake of failed Allianz deal
Sign up now: Get ST's newsletters delivered to your inbox
The collapse of the proposed deal came two months after the Government intervened and amended the Insurance Act.
PHOTO: ST FILE
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE - Retiree John Tay and his wife are among the 16,000 or so Income Insurance shareholders who are again in limbo.
This comes after German insurer Allianz on Dec 16 said it would withdraw its proposed offer to buy a 51 per cent stake in local insurer Income.
