Prudential, Great Eastern, other insurers plan $2b stake sale in Malaysian units

Prudential, Great Eastern, other insurers plan $2b stake sale in Malaysian units

Petronas Twin Towers visible in the forefront of the Kuala Lumpur skyline. Photo: Pixabay

Overseas insurers including Prudential Plc are pursuing plans to sell stakes in their Malaysian units, in deals that could raise at least a combined $2 billion and help them comply with foreign ownership limits, people with knowledge of the matter said.

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