JOURNAL ARTICLE

Malaysia's Top Bank Is Said to Weigh Options for Insurer Etiqa.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Baigorri, Manuel; Chew, Elffie 3 of 3

Abstract

Malayan Banking Bhd. is considering various options to enhance the value of Etiqa, Malaysia's largest insurer, including potentially buying out Ageas SA's minority stake or finding a new minority investor. The deal could value Etiqa at up to $4 billion, with other possibilities such as renegotiating bancassurance agreements also being considered. While discussions are ongoing, no final decisions have been reached, and Maybank may ultimately choose not to proceed with any transaction. Etiqa, which offers both conventional and Shariah-compliant insurance products in several Southeast Asian countries, is seen as profitable and poised for growth in the region. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/11, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:180832073
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