MaybankÆs $2.7 billion BII deal stumbles again

MalaysiaÆs central bank tells the countryÆs biggest lender to cut the offer price or cancel its bid for Bank Internasional Indonesia.

Maybank has been told by Bank Negara Malaysia, the countryÆs central bank, to reduce the price of its $2.7 billion bid for Bank Internasional Indonesia BII.

Maybank said in a statement that Bank Negara had told it ôto obtain a new agreement on a purchase price that will not result in substantial impairment under international reporting standards that would impact the fundamental soundness of Maybankö.

Maybank, MalaysiaÆs largest bank by assets, had been due to complete its purchase of...

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