KUALA LUMPUR: Affin Bank Bhd has obtained the approval from the Ministry of Finance( MoF) on May 6 to dispose of 21% of its equity interest in AXA Affin Life Insurance Bhd( AALI) and 2.95% stake in AXA Affin General Insurance Bhd( AAGI) to Generali Asia N.V. Currently, Affin owns 51.0% in AALI and 49.95% in AAGI. Bernama reported Affin as saying in a statement that it would enter into a share sale agreement with Generali Asia for the AALI and AAGI disposals subject to the satisfaction of the rem
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2022-05-10 00:00:00.0