Thursday 16 June 2011

Aabar to buy ADCB's RHB stake for 10.80 rgt a share-report | Reuters

Aabar Investments will buy a 25 percent stake in Malaysian lender RHB Capital from Abu Dhabi Commercial Bank at 10.80 ringgit ($3.562)per share, the Edge Financial Daily reported on Thursday citing sources.

Aabar Investments wants a stake in RHB Capital, Malaysia's fifth largest bank that is currently in merger talks with top two lenders Maybank and CIMB .

The Edge said Aabar could end up holding a ten percent stake in the merged banking entity.

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