CIMB Group Holdings Bhd (CIMB MK, Hold, TP: RM7.00) is reportedly in talks to buy the Asian equities and investment banking units of Royal Bank of Scotland Group plc. "Negotiations are ongoing but nothing is confirmed," sources told Reuters. Another source confirmed that CIMB was in talks with RBS but did not know whether the negotiation was exclusive. The Financial Times reported on 8 February that CIMB and China International Capital Corp are the remaining bidders in the running to buy RBS' Asian equities, mergers and acquisitions and research businesses. (Business Times)
Created by value_investor | Feb 20, 2012
Created by value_investor | Feb 20, 2012
Created by value_investor | Feb 20, 2012
Created by value_investor | Feb 20, 2012
Created by value_investor | Feb 20, 2012
Created by value_investor | Feb 20, 2012