PETALING JAYA: Affin Bank Bhd and Generali Asia N V (Generali) have agreed to form a joint venture to develop their life and general insurance businesses in Malaysia.
In a statement, Affin said it had agreed to dispose of a 21% equity interest in AXA Affin Life Insurance Bhd and approximately a 2.95% equity interest in AXA Affin General Insurance Bhd (AAGI) to Generali.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
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!
