Banks regroup as Malaysian mega-merger collapses

CIMB, RHB Capital and MBSB’s planned $20 billion merger flounders but RHB still wants to bulk up.

Banks regroup as Malaysian mega-merger collapses

CIMB Group, RHB Capital and Malaysia Building Society MBSB were mulling their options on Tuesday after their $20 billion mega-merger has collapsed, according to well-placed sources.

Confirmation of the three-way merger’s collapse may come as soon as this week, people familiar with the matter told FinanceAsia.

RHB, which has been an acquisition target several times before in 1998 and 2011, wants to bulk up to preserve...

To continue reading, please login or register for free

Click for more on: cimb | rhb | mbsb | malaysia | banks | aabar | acquisitions | maybank | fig | nazir razak | epf

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...