Maybank is said to be close to acquiring Belgian insurer Ageas SA’s minority stake in Etiqa, according to reports citing people familiar with the matter. The proposed transaction would increase Maybank’s ownership of the Southeast Asian insurer from its current 69% stake to full ownership. One report says the deal would give Malaysia’s largest lender complete control of Etiqa. The accounts describe the move as a near-term acquisition, but they do not provide additional terms such as the valuation, final price, or timing. No official confirmation or details on regulatory approvals are included in the reports. The potential purchase would effectively consolidate Maybank’s position in the regional insurance market by removing Ageas as a minority shareholder in Etiqa. The reports also do not specify whether any conditions or financing arrangements are in place. Any change in ownership would be subject to completion of the transaction and relevant approvals.