IKBZ Insurance plans to acquire a 10% stake in Myanmar’s Mitsui Sumitomo. 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.
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.