MAA and AMMB to negotiate on MAA takaful stake
Topik: MAA Takaful, The Edge Daily on Mar 19th, 2008 No comments »
Source: The Edge Daily, 19 Mac 2008
KUALA LUMPUR: MAA Holdings Bhd has received the go-ahead from the central bank to begin negotiations with AmAssurance Bhd to sell a stake in wholly owned takaful insurance arm MAA Takaful Bhd.
MAA yesterday said that Bank Negara had in a letter dated March 10 given it the green light to commence negotiations with AmAssurance regarding the sale of stake in MAA Takaful.
In a separate announcement to Bursa Malaysia yesterday, AMMB Holdings Bhd said that AmAssurance would commence discussions for the acquisition of an equity stake in MAA Takaful. However, no details were made on the level of equity stake involved.
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