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Sovereign Wealth Funds Briefing - Categorized | Investment

Khazanah, Sun Life Financial to buy Aviva’s M’sian ops

Posted on 14 January 2013

Canada’s Sun Life Financial and Malaysian state investor Khazanah have agreed to buy Aviva’s Malaysian insurance joint venture with lender CIMB for about RM1.7 billion (S$690 million), sources said.
The deal will help the Canadian company expand its Asian footprint. The consortium of Sun Life Financial and Khazanah Nasional edged out rival Manulife Financial Corp to win the eight-month-old auction, sources familiar with the sale process said………………………………………..Full Article: Source


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