Ageas completes EUR 1.1 billion sale of 30.95% Maybank Ageas stake to Maybank

Corporate Action
โดย Yahoo Finance·MYBE·Read original
Summary · why it matters

Ageas has completed the sale of its 30.95% stake in Maybank Ageas Holdings Berhad to Maybank for a total cash consideration equivalent to EUR 1.1 billion, including a EUR 53 million pre-completion dividend. The transaction generates a net capital gain after tax of EUR 464 million and values 100% of Maybank Ageas Holdings Berhad at EUR 3.5 billion, implying a price-to-book ratio of about 2x the 2025 IFRS Equity. Ageas said the deal is solvency accretive, adding 23 percentage points to its Solvency II ratio, and allows the group to realise the value created through its more than 25-year partnership with Maybank while enhancing financial flexibility. Ageas thanked Maybank's management and all Etiqa employees for their collaboration and wished the company continued success.

Impact on stocks 3

Financials▲ · 3 stocks
ageas SA/NV
0Q99
▲ PositiveCapitalrelevance

Ageas completed the EUR 1.1bn sale of its 30.95% Maybank Ageas stake, booking a EUR 464m net capital gain and adding 23pp to its Solvency II ratio.

Off-coverage companies 2

Maybank Ageas Holdings BerhadPrivate± Mixed
Capitalrelevance

Maybank Ageas Holdings is the asset being sold at a EUR 3.5bn valuation (~2x book), but the article gives no standalone impact on the company itself.

Etiqa Insurance & TakafulPrivate± Mixed
relevance

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