Allianz Is Said to Lead Bidding for HSBC Life Singapore
6 Articles
6 Articles
Allianz Said to Lead Bidding for HSBC’s Singapore Insurance Unit
The fact that the alliance wants to become more visible in Singapore is well known – now the insurer seems to have secured the most promising position in the bidding process around the UK's life insurance subsidiary HSBC. According to a media report, Munich is regarded as a favorite. Allianz is said to have the best cards in the bidder contest for HSBC Life Singapore first appeared on insurance industry today.
Allianz can hope to take over the insurance business of the British financial group HSBC in Singapore. It is the most likely buyer after offering more than other companies, reports the news agency Bloomberg on the basis of people familiar with the matter. Therefore, details are to be published shortly, but there are still other interested bidders. According to a previous Bloomberg report HSBC plans a valuation of 2 billion US dollars (1.72 billi…
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