Malaysia’s AMMB Holdings Bhd aims to sell stakes in both its conventional and Islamic insurance arms by June, potentially extending last year’s run of Asian deals involving global insurers.
“We’d like a partner and we’re open to any types of [partnership] model depending on valuations and who those partners are,” Managing Director Ashok Ramamurthy said in an interview this week. Several parties have shown interest but the company has yet to evaluate them closely, he said………………………………………..Full Article: Source