In Singapore, A&O Shearman and Big Four Singapore firm Allen & Gledhill are advising Allianz on its planned acquisition of a 51% stake in Singapore insurer, Income Insurance Limited, for about $1.6 billion.
“The proposed transaction marks a key milestone for Allianz in its strategic ambition to expand and strengthen its presence in Singapore—an important market for Allianz, given its status as the financial services hub of Southeast Asia,” the insurer said in its statement.
