PETALING JAYA: AmG Insurance Bhd, a 51%-owned subsidiary of AMMB Holdings Bhd
, has signed a conditional sale and purchase agreement with Kurnia Asia Bhd to acquire the entire stake in Kurnia Insurans (M) Bhd for RM1.55bil.
The acquisition would be funded by capital funds to be injected proportionally by AmG's shareholders, AMMB and Insurance Australia Group Ltd (which holds the remainder stake).
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