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November 28, 2023

AIA Group Ltd. reportedly in talks to acquire Medicard

The insurance group is reportedly seeking to bolster its presence in the region.

AIA Group Ltd. is said to be in advanced talks to buy MediCard Philippines Inc., to boost its foothold in Southeast Asia.

AIA and MediCard are on the late stage of finalizing the details of a purchase transaction and could possibly reach an agreement after AIA insurance company outbid other interested parties, firms and investment funds, a report said.

Details of the purchase are yet to be announced.