Singapore’s Earnings Insurance coverage Ltd is in dialogue with Allianz concerning a transaction referring to its shares in Earnings Insurance coverage, it mentioned in a press release on Friday.
The corporate added within the assertion that there isn’t a assurance that any transaction will materialize or that any definitive or binding settlement will probably be reached.
“Earnings Insurance coverage will make additional bulletins if and when there are any materials developments which warrant disclosure, in compliance with relevant legal guidelines and laws,” it mentioned.
Allianz didn’t instantly reply to a request looking for remark.
Established in 1970, Earnings Insurance coverage provides life, well being and normal insurance coverage, in line with its web site.
(Reporting by Yantoultra Ngui; enhancing by Tomasz Janowski and Jason Neely)
Associated:
Subjects
Profit Loss
Allianz
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