RHB battle highlights PE challenges in Malaysia
As private equity in China and India becomes overcrowded, driving up valuations, some funds have broadened their regional focus. Malaysia has generated particular interest, but recent developments suggest that the pickings are likely to be small.
Last week, top Malay banks Maybank and CIMB each received regulatory approval to bid for RHB Capital, the country's fifth-largest lender by assets. With the two banks reportedly willing to pay MYR20 billion...
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