EFU Life Assurance Limited (KASE:EFUL) agreed to acquire Allianz EFU Health Insurance Limited from Efu Services Private Limited and others on March 9, 2024. EFU Life will be issuing its own ordinary shares at a swap ratio to the current shareholders of EFU Health. The Competition Commission of Pakistan has approved the transaction.

EFU Life Assurance Limited (KASE:EFUL) completed the acquisition of Allianz EFU Health Insurance Limited from Efu Services Private Limited and others on May 2, 2024. Board of EFU Life Assurance Limited and Efu Services Private Limited approved the deal.