Contest for Bank Islam stake


PETALING JAYA: BIMB Holdings Bhd's negotiations to buy the 30.5% stake in Bank Islam held by Dubai Financial Group (DFG) may get complicated as other parties are said to be keen to acquire the stake too.

Information on the bidder or bidders is not available at the moment although a source told StarBiz that a stake of that size in the bank would be valuable, given the growth in Islamic banking in the country.

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