Insurance

P&O-receives-nod-to-talk-to-Prudential
August 13, 2010. By The Edge Market Malaysia. KUALA LUMPUR, Aug 12 Malaysia’s central bank has given the nod for Prudential Holdings Ltd to begin talks to buy a stake in insurer Pacific & Orient (PACO.KL), a source with direct knowledge of the deal said on Thursday. Prudential Holdings, a subsidiary of Prudential PLC (PRU.L), is the […]
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P&O-confirms-Prudential-interest
August 3, 2010. By The Edge Market Malaysia. KUALA LUMPUR: General insurer Pacific & Orient Bhd (P&O), whose shares have surged on rumours of the entry of a foreign insurance giant, has announced that Prudential Holdings is interested to take a stake in the company. This confirms a report in the latest edition of The Edge business weekly, […]
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Prudential-said-to-be-eyeing-P&O
August 2, 2010. By The Edge Market Malaysia. UK-based insurer Prudential plc is looking at acquiring the insurance businesses of Pacific & Orient Bhd (P&O), sources say. It is learnt that Prudential has written to Bank Negara Malaysia to seek the central bank’s approval to begin talks with P&O on the potential sale of the group’s […]
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Insurance-consolidation-stirs-interest-in-P&O
May 3, 2010. By The Edge Market Malaysia. As the insurance industry continues to consolidate, with the big boys of general insurance eyeing the smaller players, Pacific & Orient Bhd (P&O) has emerged as a possible acquisition target, sources say. “One of the top five general insurance players in Malaysia is exploring the possibility of […]
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P&O-to-start-talks-on-stakes-sale
Saturday August 14, 2010. By The StarBizWeek. Kuala Lumpur: Bank Negara has approved Pacific & Orient Bhd (P&O) starting preliminary negotiations with Prudential Holdings Ltd on the proposed divestment of an equity interest in its wholly-owned subsidiary, Pacific & Orient Insurance Bhd (P&O Insurance) to the latter. In a filing with Bursa Malaysia, P&O said Bank Negara […]
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P&O-awaits-Bank-Negara-approval
Tuesday August 3, 2010. By The StarBizWeek. Petaling Jaya: Pacific & Orient Insurance Co Bhd (P&O) is seeking Bank Negara approval to begin discussions with Prudential Holdings Ltd for a stake sale to the latter. On July 29, P&O had written to Bank Negara to seek approval to begin preliminary discussions for the potential divestment of […]
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Nod-for-Prudential-Pacific-&-orient-talks
Friday 13 August 2010. By The StarBizWeek. Kuala Lumpur:Bank Negara has given the nod for Prudential Holdings Ltd to begin talks to buy a stake in insurer Pacific & Orient, according to a source with direct knowledge of the deal. Prudential Holdings, a subsidiary of Prudential PLC, is the latest foreign insurer keen to enter Malaysia’s growing […]
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Analysts-say-Prudential-P&O-merger-may-offer-mutual-synergies
Wednesday 4 August 2010. By The StarBizWeek. Petaling Java: The potential merger between Pacific & Orient Insurance Co Bhd (P&O Insurance) and Prudential Holdings Ltd is likely to result in mutual synergies, analysts said. While P&O Insurance would be able to leverage on Prudential’s strong name to sell its products, Prudential in turn, may leverage on P&O Insurance’s […]
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Prudential-UK-eyes-P&O-takeover
Saturday 31 July 2010. By The StarBizWeek. Details of M&A still remain unclear. Petaling Java: Prudential UK is believed to have submitted an application to Bank Negara to commence talks on the potencial acquisition of local general insurance company. Pacific & Orient Bhd (P&O). However, the details of the potential merger and acquisition (M&A) exercise between the two […]
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