Ageas sells its stake in Maybank Ageas Holdings Berhad to its JV partner Maybank for EUR 1.1 billion

Ageas has agreed to sell its 30.95% stake in Maybank Ageas Holdings Berhad (MAHB) to Maybank for EUR 1.1 billion. The transaction values MAHB at EUR 3.5 billion (2x P/B ratio) and is expected to generate a net capital gain of approximately EUR 450 million after tax. The deal is anticipated to close in 2026 subject to regulatory approval and will be solvency accretive, increasing the Solvency II ratio by 25 percentage points.