You are here

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...

Market voices on: