Maybank and CIMB to bid for RHB

Malaysia’s two largest banks have each announced interest in pursuing a merger with the 5th largest bank in the country, RHB Capital.  The potential mergers come after Abu Dhabi Commercial Bank put its 25% stake in the company up for sale.  Both Malayan Banking Bhd and CIMB Group have secured the central bank of Malaysia Bank Negara’s approval to continue acquisition talks.  The talks come on the heels of a merger between Hong Leong Bank Bhd and EON Capital to produce the 4th largest bank in Malaysia.

If either interested bank acquires RHB Capital, it will probably be after a lengthy bidding war, as each company is interested in gaining size and market share.  Negotiations have yet to commence, but Bank Negara’s approval is only valid for 3 months.  Interestingly, both parties recently indicated they had no interest in acquiring RHB.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Malaysia’s two largest banks have each announced interest in pursuing a merger with the 5th largest bank in the country, RHB Capital.  The potential mergers come after Abu Dhabi Commercial Bank put its 25% stake in the company up for sale.  Both Malayan Banking Bhd and CIMB Group have secured the central bank of Malaysia Bank Negara’s approval to continue acquisition talks.  The talks come on the heels of a merger between Hong Leong Bank Bhd and EON Capital to produce the 4th largest bank in Malaysia. If either interested bank acquires RHB Capital, it will probably be after a...

Malaysia’s two largest banks have each announced interest in pursuing a merger with the 5th largest bank in the country, RHB Capital.  The potential mergers come after Abu Dhabi Commercial Bank put its 25% stake in the company up for sale.  Both Malayan Banking Bhd and CIMB Group have secured the central bank of Malaysia Bank Negara’s approval to continue acquisition talks.  The talks come on the heels of a merger between Hong Leong Bank Bhd and EON Capital to produce the 4th largest bank in Malaysia.

If either interested bank acquires RHB Capital, it will probably be after a lengthy bidding war, as each company is interested in gaining size and market share.  Negotiations have yet to commence, but Bank Negara’s approval is only valid for 3 months.  Interestingly, both parties recently indicated they had no interest in acquiring RHB.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply