Generali enters Malaysia market with 49% acquisition
Italian giant Generali has bought a 49% stake in general insurer Multi-Purpose Insurance owned by Multi-Purpose Capital Holdings.
The insurer has paid €81.m (£63.9m) for the 49% stake and has an option to increase its holding to 70% after two years when a 21% call option becomes exercisable.
The insurer is a top ten player in
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