Ageas to exit Malaysia JV, sells 30.95% stake to Maybank for €1.1 billion
Ageas has agreed to sell its 30.95% interest in Maybank Ageas to joint-venture partner Malayan Banking Bhd for €1.1 billion ($1.15 billion). The transaction, which values the venture at €3.5 billion, is expected to generate an estimated net after-tax capital gain of about €450 million for Ageas and to lift its Solvency II ratio by 25 percentage poi…