Aviva, CIMB Seek Binding Bids To Sell Malaysia Insurance JV: Sources - Reuters
26 Septembre 2012 - 2:20AM
Dow Jones News
British insurer Aviva PLC (AV) and Malaysian bank CIMB Group
Holdings Bhd (1023.KU) have set an Oct. 29 deadline for shortlisted
suitors to place binding bids to buy their Malaysian insurance
joint venture, in a deal worth at least $500 million, unnamed
sources were quoted as saying in a Reuters news agency report
published Tuesday on its website.
Potential bidders include Prudential Plc, Manulife Financial
Corp. and Sun Life Financial Inc., after AIA Group Ltd. dropped out
of the race, the sources said in the report.
Aviva, Prudential and CIMB officials declined to comment, while
Manulife, Sun Life and AIA weren't immediately available for
comment, the report said.
http://www.reuters.com/article/2012/09/25/aviva-cimb-insurance-idUSL4E8KP2KL20120925
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