Philippines: PhilRealty selling its stake in Meridian Assurance
    
        
            
                
            Source: Asia Insurance Review | Feb 2014
         
     
    
    
    
    
    
    
    
    Listed property developer Philippine Realty & Holdings Corp (PhilRealty) is selling its 70% stake in its general insurance subsidiary Meridian Assurance Corp to a group of private investors for PHP190 million (US$4.2 million).
    
    
    
    
    
	
        
		
        
            
                
				
					
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