Malaysia's Maybank to buy stake in Pakistan's MCB
KUALA LUMPUR, May 5 (Reuters) - Malaysia's largest lender, Malayan Banking Bhd (Maybank) (MBBM.KL: Quote, Profile, Research, Stock Buzz), is buying a strategic stake in Pakistan's biggest listed lender, MCB Bank (MCB.KA: Quote, Profile, Research, Stock Buzz), according to Maybank presentation material seen by Reuters on Monday.
The information was contained in a slide projected onto the backdrop of a stage where Maybank was due at 0300 GMT to announce a major acquisition. Its shares have been suspended since Friday, pending the announcement.
The slide gave no more details.
(Reporting by Jalil Hamid, editing by Mark Bendeich)
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