Zurich offloads MCIS stake in Malaysia
Zurich is selling its 40% stake in Malaysian insurer MCIS Zurich for $93m (MYR 304m)after being required to sell it because of another acquisition.
Zurich had entered into an unconditional agreement to sell its 40.11m shares in MCIS Zurich to its partner Koperasi MCIS Bhd.
The sale is expected to be completed on 5 May.
The Swiss insurer had been
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