Mayban Fortis successfully completes offer for Malaysia National Insurance Holdings

Peer van Harten, CEO of Fortis Insurance International and member of Fortis's Executive Committee, comments: 'This acquisition not only reinforces our - already strong - position in the insurance market in Malaysia, but also illustrates how complementary partners such as Maybank and Fortis can join forces to pursue growth and seize unique opportunities as they arise.'

 

Now that Fortis Mayban holds more than 90% of the outstanding shares, Bursa Malaysia Securities Berhard ('Bursa Securities') is expected to suspend trading in MNIH shares and subsequently remove those shares from the official list of Bursa Securities.

 

 

 

 

Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners.

With a market capitalisation of EUR 39 billion (28/02/2006), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 44 countries and our dedicated, professional workforce of 57,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available on www.fortis.com