Malaysia's Maybank keeping options open on RHB purchase-report
KUALA LUMPUR |
KUALA LUMPUR Aug 3 (Reuters) - Malaysia's largest lender Maybank is keeping its options open to a possible acquisition of smaller rival RHB Capital if the price is right, its chief executive officer told Financial Times in a video interview.
"We're always open," Maybank's Wahid Omar told Patrick Jenkins, editor of the newspaper's View from the Top. "For now, on our part, we have decided to stand down and not to proceed at this juncture."
Maybank called off acquisition talks with RHB Capital just weeks after announcing its intention to hold merger talks with the smaller rival. (Reporting by Min Hun Fong; Editing by Niluksi Koswanage)
- Tweet this
- Share this
- Digg this