登1登2登3代理(www.hg108.vip)_AMMB secures MoF approval for sale of AmGeneral Insurance to Liberty Insurance

时间:3周前   阅读:6   评论:3

登1登2登3代理www.hg108.vip)实时更新发布最新最快最有效的登1登2登3代理网址,包括新2登1登2登3代理手机网址,新2登1登2登3代理备用网址,皇冠登1登2登3代理最新网址,新2登1登2登3代理足球网址,新2网址大全。

,AmBank group CEO Datuk Sulaiman Mohd Tahir

KUALA LUMPUR: AMMB Holdings Bhd’s 51%-owned subsidiary, AmGeneral Holdings Bhd (AGHB) has obtained approval from the Minister of Finance (MoF) for the sale of its wholly-owned subsidiary, AmGeneral Insurance Bhd (AGIB) to Liberty Insurance Bhd (LIB).

The banking group, in a statement, said AGIB is currently 51%-owned by AMMB and 49%-owned by Insurance Australia Group (IAG).

Upon completion of the deal, which is subject to customary closing conditions, LIB will acquire 100% of AGIB’s shares, while AMMB will receive its share of the sale proceeds in the form of cash and consideration shares.

As a result, AMMB will hold a 30% interest in the businesses of AGIB and LIB.

As part of the transaction, AMMB will enter into a 20-year new bancassurance partnership with the prospective merged entity for the distribution of general insurance products.

It said the operations of AGIB and LIB will be formally merged at a subsequent date.

“AmBank Group is pleased to have obtained MOF’s approval for the sale of AGIB to LIB. This strategic partnership with a global insurance leader like Liberty Mutual is key to propelling our general insurance business to even greater heights. We are optimistic on the sustained growth opportunities that this dynamic union will bring about,” AMMB group chief executive officer Datuk Sulaiman Mohd Tahir said.

AMMB anticipates signing the sale and purchase agreement and other transaction agreements for the AGIB disposal in July 2022 pursuant to the terms of the implementation agreement entered into between AGHB and LIB on July 19, 2021.


转载说明:本文转载自Sunbet。

上一篇:以太坊博彩游戏(www.eth108.vip)_Does Annuar Musa know what he is talking about, asks Guan Eng

下一篇:usdt接口开发(www.trc20.vip)_Palm oil firm Kulim receives first post-pandemic migrant workers

网友评论

  • 2022-07-27 00:13:06

    BMW M在世界所有著名的赛道上都取得了惊人的胜利。该品牌还推出各种创新的高性能汽车,其中许多车款已在粉丝心中获得崇拜地位,甚至成为了珍贵收藏品。《BMW M: The Most Powerful Letter in the World》一书讲述了BMW M前五十年的故事,并包含了独家见解。妹荣主要以华丽的插图描述了赛车运动的历史里程碑,并展示了杰出的车型,以及之所以成功的原因。很有特点呢