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Ageas to Sell Malaysian Venture Stake for EUR1.1 Billion

MT Newswires·08/03/2026 01:12:21
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01:12 AM EDT, 08/03/2026 (MT Newswires) -- Ageas (AGS.BR) agreed to sell its 30.95% stake in Maybank Ageas Holdings to its joint venture partner Malayan Banking for a cash consideration equivalent to 1.1 billion euros. The Belgian insurer said Monday the sale in the Malaysian venture is expected to result in an estimated net capital gain after tax of 450 million euros. Completion is expected in 2026, subject to regulatory approval.