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Allianz to buy majority stake in Singapore insurer

By Inquirer - 4 months ago
Frankfurt, Germany — German insurer Allianz said Wednesday that it planned to buy a majority stake in Singapore’s Income Insurance for around 1.5 billion euros, as it seeks to expand its foothold in the Asia-Pacific region. Allianz said it had made an offer to acquire at least 51 percent of the shares in Income Insurance

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