Malaysia ·
Maybank buys out Ageas’ 31% stake in Etiqa for RM4.83B, ending a 25-year insurance joint venture
Belgian insurer Ageas is exiting its remaining 30.95% stake in Malaysia’s largest takaful and insurance group for RM4.83B (a 1.98x price-to-book multiple), handing Maybank full ownership of Etiqa and unwinding a joint venture the two partners had held for 25 years.
Source: The Star ↗
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