KUALA LUMPUR: Malayan Banking Bhd
(Maybank) is considering options including buying out Ageas SA’s minority stake in Etiqa as Malaysia’s biggest lender seeks to boost the value of the Southeast Asian insurer, according to people with knowledge of the matter.
Maybank, as the Kuala Lumpur-listed lender is known, may also seek to replace Belgium insurer Ageas with another minority investor, said the people, asking not to be identified as the deliberations are private. Maybank owns 69% of Etiqa, while Ageas holds the remaining 31%.
