Auction for 25% RBH stake to move forward - report
Abu Dhabi Commercial Bank (ADCB) is reportedly set to move forward with its 25% stake sale in RHB Bank, despite news that two rival banks would launch acquisition bids for Malaysia’s fifth-largest lender. ADCB’s auction process is expected to attract interest from global private firms as well as other corporate banking players.
Citing sources close to the process, Reuters reported that Japan's Sumitomo Mitsui Banking Corp. is likely to face off against a private equity consortium comprising Carlyle Group and TPG Capital for the...
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