Generali enters Malaysian P&C market with purchase of MPIB
Source: Asia Insurance Review | Feb 2015
Generali has entered into an agreement with Multi-Purpose Capital Holdings Bhd - a wholly owned subsidiary of the Malaysian group headed by MPHB Capital - to acquire a 49% stake in its P&C insurance subsidiary, Multi-Purpose Insurans Berhad (MPIB), for a consideration of EUR81.4 million (US$94.15 million).
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