RHB to sell insurance arm? (Update)

As RHB Bank will acquire more than 33% of RHB Insurance, it has to make an offer for the rest of the shares it does not own in the insurance arm. The move would transform the RHB banking group into a bank

PETALING JAYA: RHB Capital Bhd (RHBCap), which is undertaking a major corporate restructuring, may dispose of or reduce its interest in its insurance arm, RHB Insurance Bhd, to further unlock value in the group.

Sources said the insurance arm contributed only 3% of the group’s earnings.