Wan Kamaruzaman: ‘The size of the (ANZ) stake in the combined RHB-AMMB banking group fits our investment appetite.’
KUALA LUMPUR: The Retirement Fund Inc (KWAP) is keen on purchasing Australia and New Zealand Banking Group Ltd’s (ANZ) stake after the proposed merger between RHB Bank Bhd and AMMB Holdings Bhd
.
However, KWAP is prepared to increase its stake in the merged entity up to 10%, something that the fund would be able to undertake without the need for Bank Negara’s approval.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
