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Maybank To Acquire Remaining 30.95% Of Maybank Ageas For RM4.83 Billion

Malaysia Times desk Original: Business Today↗ 8/3 13:11 X

Photo: Business Today

Malayan Banking Bhd (Maybank) has agreed to acquire Ageas Insurance International NV’s remaining 30.95% stake in Maybank Ageas Holdings Bhd for RM4.83 billion, paving the way for Malaysia’s largest lender to take full control of the Etiqa insurance and takaful businesses. Maybank currently owns 69.05% of Maybank Ageas, which houses…

From the original report

Maybank currently owns 69.05% of Maybank Ageas, which houses Etiqa’s Malaysian and Singaporean operations across life and general insurance, as well as family and general takaful.

According to Maybank President and Group CEO Datuk Seri Khairussaleh Ramli, the acquisition forms part of Maybank’s ROAR30 strategy to strengthen Etiqa’s position as a national champion, deepen customer penetration and accelerate its expansion across Southeast Asia.

…

This is a brief of a report by another newsroom. The excerpt below is from the original.

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About this story

Source: Business Today
Originally published: Aug 3, 2026
Updated here: Aug 15, 2026
Produced by: Malaysia Times desk (brief) — reporting by the source
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Maybank To Acquire Remaining 30.95% Of Maybank Ageas For RM4.83 Billion

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