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AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million


AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million
By Chanyaporn Chanjaroen and Manuel Baigorri | January 20, 2021
HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter.
The British bank and Etiqa, majority owned by a Maybank joint venture, have proceeded into the next round with a few weeks to go before a deadline for submitting binding bids, the people said. At least one Chinese firm also among those invited to lodge offers, said the people, who asked not to be identified because the matter is private. ....

United Kingdom , Hong Kong , Thomas Buberl , Chris Eng , Maybank Ageas , Mark Tucker , Yantoultra Ngui , Alexandre Rajbhandari , Malaysia National Insurance Bhd , Xl Group Ltd , Hsbc Holdings Plc , Asian Financial Forum , Malayan Banking , Bloomberg News , Chief Executive Officer Thomas Buberl , Middle East , Chairman Mark Tucker , National Insurance , Southeast Asia , ஒன்றுபட்டது கிஂக்டம் , ஹாங் காங் , கிறிஸ் எஂக் , குறி டக்கர் , மலேசியா தேசிய காப்பீடு ப்ட் , க்ஸல் குழு லிமிடெட் , ஹ்ஸ்ப்க் ஹோல்டிங்ஸ் ப்ல் ,

HSBC, Maybank's insurance venture among bidders for AXA SA's Singapore biz


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United Kingdom , Hong Kong , Thomas Buberl , Chris Eng , Maybank Ageas , Mark Tucker , Malaysia National Insurance Bhd , Xl Group Ltd , Hsbc Holdings Plc , Asian Financial Forum , Malayan Banking , Bloomberg News , Chief Executive Officer Thomas Buberl , Middle East , Chairman Mark Tucker , National Insurance , Southeast Asia , ஒன்றுபட்டது கிஂக்டம் , ஹாங் காங் , கிறிஸ் எஂக் , குறி டக்கர் , மலேசியா தேசிய காப்பீடு ப்ட் , க்ஸல் குழு லிமிடெட் , ஹ்ஸ்ப்க் ஹோல்டிங்ஸ் ப்ல் , ஆசிய நிதி மன்றம் , மலையன் வங்கி ,