CIMB Group to raise stake in CIMB Niaga


PETALING JAYA: CIMB Group Holdings Bhd plans to acquire an additional 17.1% stake in PT Bank CIMB Niaga Tbk (CIMB Niaga) from Khazanah Nasional Bhd for RM1.7bil.

In a statement yesterday, CIMB said that Khazanah might opt to sell an additional 2.57% equity interest in CIMB Niaga to CIMB Group.

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