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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah to buy Aviva’s Malaysian insurance JV

Posted on 18 January 2013

Canada’s Sun Life Financial Inc and Malaysian state investor Khazanah will buy the Malaysian insurance joint venture of Britain’s No.2 insurer Aviva Plc and lender CIMB Group.
The deal helps Sun Life, Canada’s No. 3 insurer, expand in Southeast Asia, a region that insurers are increasingly interested in because of its rapid growth, high savings rates, and young population. Aviva is exiting markets across the world to boost its underperforming share price………………………………………..Full Article: Source


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