Corporate News

Report: Affin Bank to dispose of asset management arm for over RM2bil

KUALA LUMPUR: Affin Bank Bhd will be selling its asset management arm, Affin Hwang Asset Management Bhd, to private equity fund CVC Capital Partners for over RM2bil, according to a business news portal.

The news portal cited sources as saying the sale price is in the range of RM2.3bil to RM2.6bil cash.

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Affin Hwang Asset Management , Affin Bank , CVC Capital Partners

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