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Malaysians to pay £31m for RBS arm
Malaysia’s second-biggest lender, CIMB Group Holdings, is poised to buy Royal Bank of Scotland’s Australian equity operations for some $50 million (£31m), according to local media reports.
One source was quoted yesterday as saying: “The figure is less than $100m. From what I understand, it should be $50m.”
Reports earlier this month suggested that CIMB and China International Capital were the remaining bidders for RBS’s Asian equities, mergers and acquisitions (M&A) and research businesses. The group is in the process of slimming down its investment banking operations.
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Thursday 24 May 2012
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