Foreign insurers said to plan US$2b of Malaysia deals

The central bank has been weighing tougher enforcement of a cap on foreign ownership

Fri, Jul 21, 2017 - 5:50 AM

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...

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