Malaysian pension giants pursue talks to buy stakes in foreign-owned insurers

Malaysian pension giants pursue talks to buy stakes in foreign-owned insurers

National flags and the Association of South East Asian Nations (ASEAN) logo on display ahead of the 27th ASEAN summit in Kuala Lumpur, Malaysia, November 18, 2015. REUTERS/Olivia Harris

Malaysia’s two biggest pension funds, which manage a combined $203 billion, plan to pursue talks to buy stakes in foreign-owned insurers in the country as the government enforces caps on overseas ownership, people with knowledge of the matter said.

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