Malaysia: Wong & Partners advising Italy’s Generali on $312 mln of acquisitions

Wong & Partners, Baker McKenzie’s Malaysia member firm, is advising Italian insurer Assicurazioni Generali on multiple acquisitions in the Southeast Asian country totaling $312 million.

Reuters reported that Generali would buy the majority stakes that French rival Axa holds in two local joint-ventures with Malaysia’s Affin Bank.

Generali will also ask Malaysian authorities permission to buy shares it doesn’t already own in the group’s local joint-venture, dubbed MPI Generali Insurans Berhad, Reuters added.

The Wong & Partners team is being led by partner Ee Von Teo.

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