Allianz report close to exiting $2.2 billion income security deal

German insurance company Allianz SE (Otkbek: Elizaf) (Otkbk: AlizeThe company is reportedly on the verge of abandoning its S$2.2 billion (US$1.6 billion) bid to acquire Singapore-based Income Insurance Ltd.

This news comes after Allianz (Otkbek: ElizafThe company has struggled to address the government’s concerns about the proposed deal, Bloomberg reported, citing Bloomberg News