MARKETS & INVESTING | Staff Reporter, Malaysia

Maybank appoints Nomura as RHB bid adviser

Nomura advised on Maybank's $1.4 billion bid for Singapore's stock broker Kim Eng earlier this year, according to Reuters.

Accordint to Reuters :"Malaysia's biggest lender, Maybank, has hired Japanese investment bank Nomura to advise on its takeover bid for RHB Capital , which could create one of the largest banking groups in Southeast Asia, a source with direct knowledge of the deal said."
"Maybank and rival CIMB announced earlier this week that they had both received clearances from the Malaysian central bank to commence merger talks with RHB for a three-month period."


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