Mitsui Sumitomo plans to acquire a 10 % stake in Myanmar ’s IKBZ Insurance . The transaction is set to be finalised by October after the parties submitted a joint venture application and passed a review by the company 's regulators in July . The move forms part of Myanmar 's recent efforts to open up its insurance portfolio to foreign investment .
Mitsui Sumitomo plans to acquire a 10% stake in Myanmar’s IKBZ Insurance. The deal is set to be finalised by October after the parties submitted a joint venture application and passed a review by the nation's regulators in July. The move forms part of Myanmar's recent efforts to open up its insurance sector to foreign investment.