Generali Asia secures option to buy 70% of Malaysia's MPIB
Italian giant Generali has completed the purchase of a 49% stake in Malaysia general insurer Multi-Purpose Insurance to enter its tenth Asian market.
The insurer paid €81m (£59m) for the 49% stake and has an option to increase its holding to 70% after two years when a 21% call option becomes exercisable. Generali has bought the stake from Multi
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