Nomura hired as Maybank consultant on RHB Capital
In an effort to strengthen their bid for Malaysian bank RHB Capital, Maybank has hired Japanese investment firm Nomoura as consultants on the takeover. Maybank is competing with rival CIMB Group to form what will be the largest banking group in Southeast Asia. Abu Dhabi Commercial bank is selling its stake in RHB.
Nomoura also served as consultants in Maybank’s successful takeover of Kim Eng, a Singapore stockbroker, last year. Maybank and CIMB have both received clearance from Malaysia’s Central Bank to engage in negotiations for a period of 3 months. Shares of RHB hit a record high of RM10.4 earlier this week, and rose .025 today alone.
In an effort to strengthen their bid for Malaysian bank RHB Capital, Maybank has hired Japanese investment firm Nomoura as consultants on the takeover. Maybank is competing with rival CIMB Group to form what will be the largest banking group in Southeast Asia. Abu Dhabi Commercial bank is selling its stake in RHB. Nomoura also served as consultants in Maybank’s successful takeover of Kim Eng, a Singapore stockbroker, last year. Maybank and CIMB have both received clearance from Malaysia’s Central Bank to engage in negotiations for a period of 3 months. Shares of RHB hit a record high of RM10.4...
In an effort to strengthen their bid for Malaysian bank RHB Capital, Maybank has hired Japanese investment firm Nomoura as consultants on the takeover. Maybank is competing with rival CIMB Group to form what will be the largest banking group in Southeast Asia. Abu Dhabi Commercial bank is selling its stake in RHB.
Nomoura also served as consultants in Maybank’s successful takeover of Kim Eng, a Singapore stockbroker, last year. Maybank and CIMB have both received clearance from Malaysia’s Central Bank to engage in negotiations for a period of 3 months. Shares of RHB hit a record high of RM10.4 earlier this week, and rose .025 today alone.
