Maybank, CIMB drop RHB pursuit following Aabar Investments' 25% stake acquisition
The potential merger between RHB Capital and either Maybank or CIMB has collapsed after Abu Dhabi-backed Aabar Investments agreed to pay a price for a 25% stake in the Malaysian lender that the banks could not match.
Wahid Omar, CEO of Maybank, said on Friday that his bank, Malaysia's largest financial institution, ended negotiations with RHB Capital because Aabar's MYR10.80-per-share offer was too expensive, the Wall...
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