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Sovereign Wealth Funds Briefing - Categorized | Investment

Sun Life Financial and Khazanah Nasional acquire CIMB Aviva for $602mln

Posted on 16 April 2013

Canada-based Sun Life Financial and Khazanah Nasional in Kuala Lumpur have completed the acquisition of CIMB Aviva Assurance and CIMB Aviva Takaful after receiving regulatory approvals in Malaysia and Canada.
CIMB Aviva Assurance is a Malaysian life insurance firm, whereas CIMB Aviva Takaful is a Malaysian takaful company. Both Canadian and Malaysian companies have acquired 49% stake of the both companies from Aviva International and CIMB Group, respectively, with CIMB Group holding a 2% share in the companies………………………………………..Full Article: Source


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