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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes