Prudential Malaysia unit in talks with KWAP to sell 30% stake for $435m

Prudential Malaysia unit in talks with KWAP to sell 30% stake for $435m

Photo: Reuters

British insurer Prudential PLC is in advanced talks with Malaysia’s No.2 pension fund to sell a 30-percent stake, valued at about $435 million, in its Malaysian unit to comply with new foreign ownership rules, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter