Rhb And Ambank Merger

Kuala lumpur reuters malaysia s rhb bank and ammb holdings ambank have dropped plans for a merger on grounds that both could not arrive at mutually acceptable terms. The transaction is expected to be an all share deal and the two banks have until aug 30 to exclusively discuss a deal they said. Ambank has a market capitalisation of 15 7 billion ringgit 3 66 billion while rhb has a market value of about 5 0 billion.

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Rhb and ambank merger. Ambank is currently the country s sixth biggest bank. Rhb and ambank have received the nod from the malaysian central bank to commence the merger negotiations they said in a joint statement on thursday. Ambank is the country s. After much discussion and deliberation rhb bank and ambank group were not able to reach an agreement on mutually acceptable terms and.

Source told reuters on wednesday that rhb would be the acquirer in the potential merger. Malaysia s rhb bank rhbc kl and ammb holdings ambank ammb kl are starting merger talks to form a group worth about 9 billion in what is likely to be the nation s biggest banking deal. Rhb bank berhad rhb bank and ammb holdings berhad ambank group announced today that both parties have mutually agreed to end discussions on the proposed merger of the two banking groups. Wed aug 23 2017 5 50 am.

A merger of rhb banking group and ambank group will create a stronger fourth largest banking group creating scale and market leadership across key business segments said dato khairussaleh ramli group managing director for rhb banking group. Rhb and ambank group call off merger talks. Discussions on a proposed merger between rhb bank bhd and ammb holding bhd ambank group have come to nought as both banking groups could not reach an agreement. On thursday rhb and ambank announced that bank negara had given them approval to commence discussions for a proposed merger.

Sources quoted by reuters said rhb would be the acquirer in the. Rhb malaysia s fourth biggest bank would be the acquirer in the potential merger the sources said adding the shareholding structure was still being worked out. Rhb bank bhd and ammb holdings bhd ambank group announced today that both parties have mutually agreed to end discussions on the proposed merger of the two banking groups.