PETALING JAYA: Australia and New Zealand Banking (ANZ) group is said to be near a deal to divest its block of shares in AMMB Holdings Bhd to the Retirement Fund Inc (KWAP) in a transaction that could be worth around US$900mil (RM3.86bil), Reuters reported.
The development confirms an earlier report by StarBiz that KWAP is keen on buying ANZ’s 24% stake in AMMB following its proposed merger with RHB Bank Bhd.
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!