Canada’s Sun Life Financial and Malaysian state investor Khazanah will buy 98 percent of Aviva Plc’s Malaysian insurance joint venture with lender CIMB for C$586 million (US$593.6 million).
Sun Life and Khazanah will each pay C$293 million [US$296.8 million], the Canadian company said in a statement.
Sources told Reuters on Sunday that Sun Life and Khazanah had agreed to buy Aviva’s Malaysian insurance joint venture.
Copyright 2026 Reuters. Click for restrictions.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
