Allianz Pulls $1.7 Billion Bid to Buy Stake in Singapore Insurer

Allianz SE withdrew an offer to buy a majority stake in Singapore insurer Income Insurance Ltd. for about S$2.2 billion ($1.7 billion), following public backlash to the deal.

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Allianz Pulls $1.7 Billion Bid to Buy Stake in Singapore Insurer

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Allianz Pulls $1.7 Billion Bid to Buy Stake in Singapore Insurer

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