PETALING JAYA: AMMB Holdings Bhd’s 51% owned subsidiary AmGeneral Holdings Bhd (AGHB) has entered into an agreement with Liberty Insurance Bhd (LIB) for its proposed sale of AmGeneral Insurance Bhd (AGIB).
The deal is subject to receiving appropriate regulatory approvals that would subsequently see LIB acquiring a 100% equity stake in AGIB from AGHB for RM2.29bil, which will be satisfied through a combination of cash and shares.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!