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Maybank Appoints Advisor For RHB Bid

Malayan Banking has appointed Japanese investment bank Nomura as its new takeover advisor.

Malayan Banking (Maybank) has appointed Japanese investment bank Nomura as its new takeover advisor, Reuters reports. The investment bank will advise the Malaysian lender on its takeover bid for RHB Capital.

Maybank has received approval from the Malaysian central bank to start merger talks with RHB. The firm’s major shareholders are pension fund EPF and Abu Dhabi Commercial Bank.

Click here for the story from Reuters.

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