Stock Market News
Prices
Resolution firm in talks over Malaysian sale
16-10-2012 16:08
| Add To Google +1 | Tweet |
Insurance giant Resolution said it was in talks to sell its stake in one of Malaysia's biggest life insurers.
The firm's Friends Life business is discussing the sale of its 30% stake in AmLife Insurance Berhad and AmFamily Takaful Berhad back to its joint venture partner, Malaysia's AmBank Group.
Friends Life entered the AmLife joint venture in 2008.
AmLife is one of Malaysia's top ten life insurers and Friends Life's 30% interest in AmLife had an 'MCEV' of £38m at the end of June.
MCEV- or Market Consistent Embedded Value - is an accounting technique that insurers use as a standardised measure to enable comparisons of their balance sheets.
MM
The firm's Friends Life business is discussing the sale of its 30% stake in AmLife Insurance Berhad and AmFamily Takaful Berhad back to its joint venture partner, Malaysia's AmBank Group.
Friends Life entered the AmLife joint venture in 2008.
AmLife is one of Malaysia's top ten life insurers and Friends Life's 30% interest in AmLife had an 'MCEV' of £38m at the end of June.
MCEV- or Market Consistent Embedded Value - is an accounting technique that insurers use as a standardised measure to enable comparisons of their balance sheets.
MM
| Related share prices |
|---|
| Resolution Ltd. (RSL) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
| Enter share symbol |
| Search share prices A to Z |
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price