Allianz said to make headway in talks to acquire Malaysian auto insurer

Allianz said to make headway in talks to acquire Malaysian auto insurer

Vehicles sit in traffic on a road in the Bangsar area of Kuala Lumpur, Malaysia. Photographer: Sanjit Das/Bloomberg

Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the matter said.

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