Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it said in a statement on Friday.
The company added in the statement that there is no assurance that any transaction will materialize or that any definitive or binding agreement will be reached.
“Income Insurance will make further announcements if and when there are any material developments which warrant disclosure, in compliance with applicable laws and regulations,” it said.
Allianz did not immediately respond to a request seeking comment.
Established in 1970, Income Insurance offers life, health and general insurance, according to its website.
(Reporting by Yantoultra Ngui; editing by Tomasz Janowski and Jason Neely)
Related:
Topics Profit Loss Allianz
Was this article valuable?
Here are more articles you may enjoy.
Authorities in Miami Investigating Death of Passenger on Cruise Ship 
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year 
China Accuses US of Orchestrating $13 Billion Bitcoin Hack 
FEMA Chief Resigns After Six Months, Criticism Over Floods 
