AETNA <AET> REACHES AGREEMENT TO BUY COMPANY
  Aetna Life and Casualty Co said
  it reached an agreement to acquire a 49 pct interest in
  Universal Life and General Insurance Sdn Bhd <ULG>, a Malaysian
  composite insurance company.
      The company said the 51 pct balance will continue to be
  owned by Malaysia Apera Group of private investors.
      The transaction is valued at approximately 37.8 mln dlrs
  and is expected to be completed by March 31, 1987.