KUALA LUMPUR May 13 Malaysia's BIMB Holdings
has received notice from sovereign wealth fund
Khazanah Nasional Bhd and conglomerate DRB-Hicom of
their intention to sell Bank Muamalat to the company, state news
agency Bernama reported.
A newspaper report citing unnamed sources had said in April
that Khazanah Nasional would start talks to sell its 30 percent
stake in Bank Muamalat to Islamic financial group BIMB Holdings.
Financial-to-autos group DRB-Hicom owns the remaining 70
percent in Bank Muamalat.
"They want to sell and have identified us as a potential
buyer," BIMB chief executive officer Johan Abdullah was quoted
as saying by Bernama.
He said the matter would be discussed at a board meeting on
May 25 and if the board was in favour of the acquisition, BIMB
would seek the central bank's approval to start negotiations.
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(Reporting by Liau Y-Sing; Editing by Matt Driskill)