Germany’s Allianz plans takeover of Singapore insurer

German insurer Allianz said on Wednesday it is planning to strengthen its business in Asia by acquiring a 51% controlling stake in Singapore’s Income Insurance. The deal valued at 2.2 billion Singapore dollars (US$1.6 billion) was announced in Munich o…

Germany’s Allianz plans takeover of Singapore insurer

German insurer Allianz said on Wednesday it is planning to strengthen its business in Asia by acquiring a 51% controlling stake in Singapore’s Income Insurance. The deal valued at 2.2 billion Singapore dollars (US$1.6 billion) was announced in Munich o…