The acquisitions, to be paid using all cash, will come with an exclusive 20-year-long distribution partnership between Great Eastern and the AmBank network.
Great Eastern Holdings plans to pay RM1.12 billion ($325 million) for the insurance businesses now under Malaysia'a AMMB Holdings and MetLife International Holdings.
Specifically, Great Eastern Life Assurance (Malaysia) (GELM) will buy AmMetLife Insurance, while Great Eastern Takaful Berhad (GETB) will buy AmMetLife Takaful (AMT).
