Resolution sells stake in AmLife and AmFamily Takaful

Life insurance consolidation vehicle Resolution has sold its stake in AmLife and AmFamily Takaful to its joint venture partner AmBank Group of Malaysia.

Life insurance consolidation vehicle Resolution has sold its stake in AmLife and AmFamily Takaful to its joint venture partner AmBank Group of Malaysia.

The FTSE 100 company said it had disposed of its 30% interest in the insurance companies for 245m Malaysian Ringgits.

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