By WSJ Staff
Insurance companies continue to drive M&A headlines just weeks into 2013, with Canada?s Sun Life Financial Inc. and Malaysia?s sovereign wealth fund striking a deal to buy a life insurer in the country.
As the WSJ reports, Sun Life and Khazanah Nasional Bhd. will jointly acquire 98% of CIMB Aviva Malaysia for 1.8 billion ringgit ($596) million, which is 49%-owned by U.K. insurer Aviva PLC and 51% by Malaysian lender CIMB Group Holdings.
Source: http://blogs.wsj.com/deals/2013/01/13/insurance-deals-stay-hot-in-asia/
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