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NewsKurnia Asia fall on possible buy of motor unit
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Kurnia Asia fall on possible buy of motor unit
by hlk Thu 05 Apr 2012, 09:35
Shares in Malaysian insurer Kurnia Asia tumbled as much as 3.9 per cent today after Insurance Australia Group won regulatory approval for a possible acquisition of Kurnia Asia’s motor insurance unit.
Insurance Australia Group’s 49 per cent-owned Malaysian associate AmG Insurance Bhd is spearheading the deal for Kurnia Asia’s unit — Kurnia Insurans.
If successful, the acquisition would make AmG the market leader in the Malaysian motor insurance market. Malaysian lender AMMB Holdings owns the rest of AmG. -- Reuters
Insurance Australia Group’s 49 per cent-owned Malaysian associate AmG Insurance Bhd is spearheading the deal for Kurnia Asia’s unit — Kurnia Insurans.
If successful, the acquisition would make AmG the market leader in the Malaysian motor insurance market. Malaysian lender AMMB Holdings owns the rest of AmG. -- Reuters
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