Foreign insurers said to plan US$2b of Malaysia deals
The central bank has been weighing tougher enforcement of a cap on foreign ownership
Kuala Lumpur
OVERSEAS insurers including Prudential are pursuing plans to sell stakes in their Malaysian units, in deals that could raise at least a combined US$2 billion and help them comply with foreign ownership limits, sources said.
Prudential has asked banks to pitch for a role advising on a domestic initial public offering of its Malaysian unit, an option it is considering alongside a potential stake sale to an investor, according to the sources.
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