German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 ...

In a report released today, Philip Kett from Jefferies downgraded Allianz (0M6S – Research Report) to a Hold, with a price target of €325.00.

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German insurer Allianz announced in July 2024 it was planning to buy a majority stake in Singapore's Income Insurance. (File photos: NTUC, Reuters/Gonzalo Fuentes) New: You can now listen to articles.

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(Reuters) - Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with ...