PETALING JAYA: CIMB Group and UK-based Aviva Plc are expected to finalise the buyers of their 51% and 49% stakes respectively in joint venture CIMB Aviva Assurance Bhd this week, according to a source with knowledge of the deal.
The deal was supposed to be finalised earlier but due to pricing, among others, it had been dragged. “As at press time, all the four suitors had submitted their prices for the stakes and CIMB and Aviva were running through the price of the bids to determine the best deal.
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