09:53 AM EST - Sun Life Financial Inc. : and Khazanah Nasional Berhad are establishing a strategic partnership to acquire 98% of CIMB Aviva Assurance Berhad, a Malaysian life insurance company, and CIMB Aviva Takaful Berhad, a Malaysian takaful company (together, the Company), in a transaction valued at 1.80 billion Malaysian Ringgit (RM) ($586 million). Sun Life and Khazanah are each paying RM900 million ($293 million) in respect of the transaction, which includes entering into a new 20-year exclusive bancassurance agreement with CIMB Bank. Sun Life Financial Inc.
shares T.SLF are trading up $0.08 at $28.02.
