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Tokio Marine likely to cut stake in insurer post acquisition

Posted On: Aug. 13, 2019 6:10 AM CST

Japanese insurer Tokio Marine Holdings Inc. could reduce its stake in Malaysia-based RHB Insurance Berhad after receiving regulatory approval recently to purchase the insurer, The Edge Markets reported citing sources. Tokio Marine is likely to merge RHB Insurance's operations with its Malaysian business and then divest a 30% stake from the new holding company, the sources said.

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