PETALING JAYA: Sanlam Emerging Markets, a unit of South African insurance company Sanlam Ltd, is buying 51% of MCIS Zurich Insurance Bhd for about US$118.4mil (RM385mil).
The acquisition confirms a StarBiz report published in February that the South African insurer was in talks to buy a stake in MCIS Zurich.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!