Announced a major business deal: the European insurer makes a significant profit.
Maybank of Malaysia acquires a minority stake in its Belgian partner, Ageas, in Etiqa Insurance, for US$1.2 billion, making it the country’s largest bank the exclusive owner of the Southeast Asian insurance company - reports Bloomberg.
Maybank of Malaysia buys a minority stake in its Belgian partner, Ageas, in Etiqa Insurance, for $1.2 billion, making it the country’s largest bank the exclusive owner of the Southeast Asian insurance company - Bloomberg reports.
