AMMB likely the next to jump on M&A bandwagon

PETALING JAYA: The mega bank merger between CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysian Building Society Bhd has got tongues wagging that the local banking scene could see more merger possibilities.

The latest, or most likely to hop onto the potential merger and acquisition (M&A) bandwagon, is AMMB Holdings Bhd, following news that its major shareholders Australia and New Zealand Banking Group Ltd (ANZ) and Tan Sri Azman Hashim are considering selling their stakes in the bank.