Sun Life, Khazanah to buy Aviva's Malaysian insurance JV for C$586 mln

Thu Jan 17, 2013 5:22am EST

Jan 17 (Reuters) - Canada's Sun Life Financial Inc and Malaysian state investor Khazanah will buy 98 percent of Aviva Plc's Malaysian insurance joint venture with lender CIMB for C$586 million ($594 million).

Sun Life and Khazanah will each pay C$293 million, the Canadian company said in a statement.

Sources told Reuters on Sunday that Sun Life and Khazanah had agreed to buy Aviva's Malaysian insurance joint venture.

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