Singapore’s Income Insurance Limited has announced that it is in discussions with Allianz regarding a potential transaction involving Income Insurance shares.
This indicates a possible change in share ownership or a significant investment in the company.
Income Insurance emphasized that there is no certainty that a deal will be finalized 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 stated, “Income Insurance will make further announcements if and when there are any material developments which warrant disclosure, in compliance with applicable laws and regulations.”
Source: fintechnews.sg
