Pricing key in Kurnia unit sale


PETALING JAYA: Pricing would be a key consideration in the proposed sale of Kurnia Asia Bhd's general insurance arm Kurnia Insurans (M) Bhd (KIMB) to AmG Insurance Bhd, analysts said.

In separate filings with Bursa Malaysia on Monday, Kurnia and AMMB Holdings Bhd AmG's parent company with a 51% stake said they had submitted an application to Bank Negara for AMMB to potentially acquire a 100% equity interest in KIMB. No details were given on the pricing.

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