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Maybank Is Paying RM4.83 Billion To Go It Alone
['Jake Lim', 'Ikhwan Zulkaflee', 'Sharifah Nur Syafiqah', 'Fernando Fong']
TRP
Maybank is making a RM4.83 billion bet on itself.
Etiqa Didn’t Start As A Wholly Malaysian StoryMaybank had held the majority 69.05% stake in Maybank Ageas, with Belgian insurer Ageas holding the rest through its subsidiary, Ageas Insurance International NV.
The Price of Full ControlThe RM4.83 billion price tag isn’t the full picture.
It’s adjusted for an RM800 million dividend that Maybank Ageas will pay out on completion – RM248 million of which goes to Ageas, RM552 million to Maybank.
It’s betting that owning Etiqa outright is worth RM4.83 billion of its own money.