atans1

MayBank touted as buyer of Thai bank stake

In Banks, Malaysia on 14/09/2012 at 6:43 am

General Electric is analysing options for its US$2.1 bn stake (33%) in Bank of Ayudhya. MayBank touted as possible buyer.

http://www.bloomberg.com/news/2012-09-12/ge-said-to-weigh-possible-sale-of-bank-of-ayudhya-stake.html

Buying this stake would add one more piece to the jigsaw being built after the purchase of Kim Eng (has big presence in Thai stk mkt). As usual MayBank is playing catch up to CIMB.

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