Great Eastern to make a new purchase.
BANKING AND CREDIT NEWS-October 3, 2023--Great Eastern to make a new purchase
(C)2023 M2 COMMUNICATIONS http://www.m2.co.uk
Global Banking News - 03 October 2023
Singapore-based insurer, Great Eastern Holdings, has announced plans for a new purchase.
The firm has agreed to purchase a Malaysian insurance businesses jointly owned by AMMB Holdings Berhad and MetLife International (MET.N). The deal is valued at MYR1.21bn.
Great Eastern, a unit of Oversea-Chinese Banking Corp (OCBC) (SES:039), is to purchase and assimilate AmMetLife Insurance and AmMetLife Takaful.
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