Canada's Sun Life Financial and Malaysian state investor Khazanah have agreed to purchase Aviva's Malaysian insurance joint venture with lender CIMB for about 1.7 billion ringgit ($563 million), sources said on Sunday.The deal will help the Canadian company expand its Asian footprint.The consortium of Sun Life Financial Inc and Khazanah Nasional Bhd edged out rival Manulife Financial Corp to win the eight-month old auction, sources familiar with the sale process said.Britain's No.2 insurer Aviva is exiting marginal markets across the world with the aim of boosting its underperforming share price, and the sale of its Malaysian unit is part of that overhaul. Last month, Aviva sold its U.S. business for $1.8 billion, its biggest-ever disposal.
Manulife Financial Corporation (MFC) is a financial services group. Shares of MFC traded higher by 0.49% or $0.07/share to $14.40. In the past year, the shares have traded as low as $9.97 and as high as $14.64. On average, 1841420 shares of MFC exchange hands on a given day and today's volume is recorded at 1094003.
Manulife Financial Corporation (MFC) is a financial services group. Shares of MFC traded higher by 0.64% or $0.09/share to $14.18. In the past year, the shares have traded as low as $10.18 and as high as $14.45. On average, 3563670 shares of MFC.TO exchange hands on a given day and today's volume is recorded at 1759746.
Sun Life Financial Inc. (SLF Inc.) is the holding company of Sun Life Assurance Company of Canada (Sun Life Assurance). Shares of SLF fell by 0.18% or $-0.05/share to $28.07. In the past year, the shares have traded as low as $18.94 and as high as $28.48. On average, 395339 shares of SLF exchange hands on a given day and today's volume is recorded at 295423.
Sun Life Financial Inc. (SLF Inc.) is the holding company of Sun Life Assurance Company of Canada (Sun Life Assurance). Shares of SLF fell by 0.18% or $-0.05/share to $27.63. In the past year, the shares have traded as low as $19.69 and as high as $28.00. On average, 1422160 shares of SLF.TO exchange hands on a given day and today's volume is recorded at 876867.
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