Analyst Research Report Snapshot

Title:

Flash Note – AMMB (REDUCE, maintain) - Strategic partner for Life/Takaful insurance business shortlisted

Price:

$12.00

Provider:

Affin Investment Bank

Date:

22 Aug 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

AMMB.KL

Available for Immediate Download
Summary:

News AMMB Holdings Berhad announced that the Group’s Life/Takaful unit hopes to finalize the sale of a 70% stake in the life insurance business (whereby a bidding process was announced in April 2013) to a strategic partner by end of 2013. At this juncture, the group has already identified and shortlisted several tier-one global insurance players, as well as applied to Bank Negara for approval to commence negotiations. The green light from BNM is expected in a week or two’s.

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