ADCB selling stake in RHB Capital

ADCB selling stake in RHB CapitalAbu Dhabi Commercial Bank is selling a 25% stake in Malaysian bank RHB Capital.  It is valued at about $1.6 billion.  They will announce a shortlist of potential bidders on the stake after their annual ADCB shareholders meeting scheduled for the end of the month, but several international companies are rumored to be interested in acquiring the shares.  Japanese corporation Sumitomo Mitsui Financial Group is said to be planning a bid, along with equity companies Carlyle and JP Flowers.  None of the companies were available to comment on the rumors.  Malaysian lender CIMB Group was also thought to be interested, but they have confirmed they will not be pursuing an offer to ADCB.



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Abu Dhabi Commercial Bank is selling a 25% stake in Malaysian bank RHB Capital.  It is valued at about $1.6 billion.  They will announce a shortlist of potential bidders on the stake after their annual ADCB shareholders meeting scheduled for the end of the month, but several international companies are rumored to be interested in acquiring the shares.  Japanese corporation Sumitomo Mitsui Financial Group is said to be planning a bid, along with equity companies Carlyle and JP Flowers.  None of the companies were available to comment on the rumors.  Malaysian lender CIMB Group was also thought to be interested,...

ADCB selling stake in RHB CapitalAbu Dhabi Commercial Bank is selling a 25% stake in Malaysian bank RHB Capital.  It is valued at about $1.6 billion.  They will announce a shortlist of potential bidders on the stake after their annual ADCB shareholders meeting scheduled for the end of the month, but several international companies are rumored to be interested in acquiring the shares.  Japanese corporation Sumitomo Mitsui Financial Group is said to be planning a bid, along with equity companies Carlyle and JP Flowers.  None of the companies were available to comment on the rumors.  Malaysian lender CIMB Group was also thought to be interested, but they have confirmed they will not be pursuing an offer to ADCB.



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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.

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Donation Total: $10.00

 

 

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