General Announcement::NTUC Enterprise Media Release.

Issuer & Securities

Issuer/ Manager
INCOME INSURANCE LIMITED
Securities
INCOME S$800M3.1%N500720 - SGXF78097098 - TQBB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Jul-2024 15:21:12
Status
New
Announcement Sub Title
NTUC Enterprise Media Release.
Announcement Reference
SG240717OTHRHW3F
Submitted By (Co./ Ind. Name)
Thanalakshmi M R Balakrishnan
Designation
Board Secretary
Description (Please provide a detailed description of the event in the box below)
Allianz (through its wholly owned subsidiary, Allianz Europe B.V. has announced on Wednesday, 17 July 2024 a pre-conditional voluntary cash general offer to acquire at least 51% of the shares of Income Insurance, subject to regulatory approval. Allianz intends to offer S$ 40.58 per share for a total transaction value of approximately S$ 2.2 billion (approximately EUR 1.5 billion) for 51% of the shares in Income Insurance.

Attachments

4. NTUC Enterprise_Income Insurance receives Pre-Conditional Voluntary Cash General Offer from Allianz Europe B.V._.pdf
Total size =255K