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Belgium-based insurer Ageas has concluded its quarter-century partnership with Maybank, paving the way for the Malaysian banking giant to consolidate its insurance operations.

Maybank has secured regulatory approval to acquire the remaining stake in its insurance arm, Maybank Ageas Holdings, to take full ownership of its regional insurance and takaful operations.

The banking giant is set to acquire the remaining stake in Maybank Ageas Holdings to gain full control of its regional insurance and takaful operations.
