RHB Capital to buy OSK Investment Bank

RHB Capital will pay $620 million in cash and shares for OSK Investment Bank in the latest acquisition by a Malaysian bank.

RHB Capital to buy OSK Investment Bank

A year ago, RHB Capital was the prey now it’s the predator. In June 2011, it was the target of Malaysian competitors CIMB and Maybank before both rivals aborted their bids. Yesterday, RHB announced a deal that should position it to rival CIMB’s domestic and regional franchise and become the country’s biggest investment bank by assets.

RHB and Malaysia’s OSK Holdings said that they had signed a conditional share purchase agreement for RHB to...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...