MBSB obtains approval for MIDF acquisition

MBSB group chief executive officer Datuk Nor Azam M. Taib

PETALING JAYA: Malaysia Building Society Bhd (MBSB) has received approval for the proposed acquisition of Malaysian Industrial Development Finance Bhd (MIDF) from Permodalan Nasional Bhd.

The bank, in a statement, said it received a notification from Bank Negara that the Minister of Finance has granted approval for the proposed acquisition.