Singapore’s Income Insurance Limited has announced that it is currently in discussions with Allianz regarding a potential transaction involving Income Insurance shares.
This seems to indicate that a change in share ownership or a significant investment might be on the horizon.
Income Insurance stressed that there is no certainty that a deal will be finalised or that any binding agreement will be reached.
Founded in 1970 and formerly known as NTUC Income, Income Insurance is a composite insurer offering life, health and general insurance.
The company said in a statement,
“Income Insurance will make further announcements if and when there are any material developments which warrant disclosure, in compliance with applicable laws and regulations.”
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