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 […]
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 UK’s Prudential Holdings Ltd is interested to take a stake in the company. This confirms a report in the latest edition of The Edge […]
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 […]
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 […]
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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