Slaughter and May advised FWD Group on its strategic investment in Gibraltar BSN’s Malaysian life insurance business
Slaughter and May advised FWD Group on its strategic investment in a majority stake in Gibraltar BSN Life Berhad (“Gibraltar BSN”). The transaction completed in April 2023.
FWD Group, and other investors, together acquired an effective 70% stake in Gibraltar BSN, which was purchased from The Prudential Insurance Company of America, the wholly owned subsidiary of US-based NYSE-listed Prudential Financial, Inc. (NYSE: PRU) (“PFI”). Bank Simpanan Nasional (“BSN”) continues to hold the remaining 30% stake ownership in Gibraltar BSN. FWD Group is partnering with BSN to further develop and grow Gibraltar BSN.
Slaughter and May supported the internal legal team at FWD.