Maybank to Acquire Ageas' Stake in Etiqa for $1.2 Billion
Maybank, Malaysia's largest bank, is set to acquire Ageas' stake in its Etiqa Singapore and Malaysia insurance businesses for approximately $1.2 billion. This acquisition will consolidate Maybank's ownership in the Etiqa entities.
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Maybank to buy Ageas' stake in Etiqa Singapore, Malaysia businesses for $1.2 billion - Reuters
Maybank to buy Ageas' stake in Etiqa Singapore, Malaysia businesses for $1.2 billion Reuters
Read full article →Malaysia’s Top Bank Is Said to Near Buying Ageas Stake in Etiqa
Malayan Banking Bhd. is nearing a deal to buy out Belgian insurer Ageas SA’s minority stake in Etiqa, people familiar with the matter said, a move that would help Malaysia’s biggest lender take full ownership of the Southeast Asian insurer.
By Elffie Chew, Kok Leong Chan and Manuel Baigorri
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