Great Eastern failed to acquire AmMetLife Insurance and AmMetLife Takaful from MetLife International and AMAB Holdings for MYR1.12bn.

Synopsis

Great Eastern, a financial service provider, failed to acquire AmMetLife Insurance and AmMetLife Takaful, two insurance companies from MetLife International, an insurance company, and AMAB Holdings, AMMB subsidiary, for MYR1.12bn.

Principals

target

Ammetlife Insurance Berhad

bidder

Great Eastern

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Market Context