Italy’s Generali acquires majority stake in Axa’s Affin JV in Malaysia
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Italy’s Generali acquires majority stake in Axa’s Affin JV in Malaysia

Luke Harrison
22 June 2021
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Italian insurer Generali has signed an agreement to acquire a majority stake in Axa Affin joint ventures in Malaysia and the 100% purchase of MPI Generali.

The total consideration for the combined transactions is RM1.3bn ($311mn), subject to closing adjustments.

After the deal, Generali will operate in Malaysia through two companies – one in the P&C segment and the other in the life segment.

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Topics

News Generali Axa M&A
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Luke Harrison
Reporter
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