KUALA LUMPUR: BIMB Holdings Bhd
is undertaking a corporate exercise, which could be up to RM6.7bil, including a RM2.81bil to RM2.96bil acquisition of the remaining 49% stake in Bank Islam.
It announced on Thursday it is taking control of Bank Islam by buying the stake in Bank Islam for US$884mil (RM2.81bil) cash from Dubai Financial Group (DFG) and Lembaga Tabung Haji (LTH).
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