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皇冠官网开户(www.hg108.vip):AmGeneral completes sale of unit to Liberty Insurance for RM2.29bil

时间:4周前   阅读:12   评论:6

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KUALA LUMPUR: AMMB Holdings Bhd’s 51 per cent-owned subsidiary AmGeneral Holdings Bhd (AGHB) has completed the sale of AmGeneral Insurance Bhd (AGIB) to Liberty Insurance Bhd (LIB) for RM2.29 billion, a statement from AmBank Group said today.

This follows the regulatory approval from the Minister of Finance and the signing of the share sale and purchase agreement with LIB, the statement said.

With the completion of the deal, LIB now has acquired 100 per cent of AGIB, previously 51 per cent-owned by AMMB and 49 per cent-owned by Insurance Australia Group.

As part of the sales agreement, AMMB has received cash amounting to RM287 million and a 30 per cent stake in AGIB and LIB valued at RM939 million.

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In addition, AMMB has entered into a 20-year new bancassurance partnership for the distribution of general insurance products as part of the transaction.

AMMB said the operations of AGIB and LIB will be formally merged at a subsequent date, at which time it is expected that the combined entity will become a leading general insurer, as well as the largest motor insurer in Malaysia.

Group chief executive officer Datuk Sulaiman Mohd Tahir is confident that together, the company is now more than equipped to serve its enlarged customer base as well as business partners with innovative insurance solutions. - Bernama


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网友评论

  • 2022-08-04 01:28:53

    Loh’s three children were converted to Islam by her ex-husband Nagashwaran Muniandy without her consent.扩列扩列了

    • 2022-10-14 07:06:14

      @-魂殇 Đồng thời, hành vi tự ý sử dụng diện tích đất trên sang đất phi nông nghiệp tại khu vực nông thôn để xây dựng kho xưởng, tập kết, chôn lấp chất thải khi chưa được phép là vi phạm nghiêm trọng các quy định của pháp luật về đất đai, xây dựng và môi trường.看得很真实

  • 2022-08-15 01:04:01

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  • 2023-01-06 00:27:34

    As for the rationale of the proposal, the group said in August 2018, HIB diversified into the fertiliser business with the acquisition of PK Fertilizers (Sarawak) Sdn Bhd therefore the proposed acquisition of the HFL Group, which is also involved in the fertiliser business represents a strategic investment in-line with HIB long-term plan to grow its fertiliser business.文好长呀,我喜欢