PETALING JAYA: With the chapter closed on the sale of ING's Malaysian insurance operations to AIA Group Ltd, attention on the insurance realm has now turned towards CIMB Aviva Assurance Bhd being divested.
Although no firm details have been revealed on the deal, market guesswork has pointed to three of the four suitors reported, including Prudential plc, Manulife Financial Corp, AIA and Sun Life Financial Inc, which have made it through to the second stage of bidding for Aviva's stake in the business.
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