Life & Health Insurance M&A » By The Online Investor Staff, updated Fri., Jun. 9, 8:04 AM
Recent mergers and acquisitions in the Life & Health Insurance M&A category.
| This Slide: #29 of 57 |
Slide #29. Sun Life Financial and Khazanah Nasional Berhad — CIMB Aviva
Acquirer:
Sun Life Financial and Khazanah Nasional Berhad (NYSE:SLF)
Acquiree:
CIMB Aviva
Details:
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (Sun Life) and Khazanah Nasional Berhad (Khazanah) are pleased to announce today the completion of the acquisition of CIMB Aviva Assurance Berhad, a Malaysian life insurance company, and CIMB Aviva Takaful Berhad, a Malaysian takaful company (together, the Company), following regulatory approvals in Malaysia and Canada.
Sun Life Financial is a holding company. Through its subsidiaries, Co. is an international financial services organization providing insurance, wealth and asset management solutions to individual and corporate clients. Co. has operations in various markets worldwide, including Canada, the U.S., the U.K., Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. Co. also operates mutual fund and investment management businesses, primarily in Canada, the U.S., and Asia.
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Avg. Broker Rec.
 
|
Buy (2.89 out of 4) 20th percentile
(ranked lower than approx. 80% of all stocks covered)
Analysts' Target Price: SLF Stock Forecast Based on Zacks ABR data; powered by Xignite |
