Ageas has agreed to sell its 30.95% stake in Maybank Ageas to joint-venture
partner Maybank for EUR 1.1 bln, ending a 25-year partnership. Ageas expects an
after-tax net capital gain of about EUR 450 mln and places an implied valuation
of Maybank Ageas at EUR 3.5 bln. The transaction is expected to complete in
2026, subject to regulatory approvals.