Finance / Malaysia
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Maybank's Asian Expansion
August 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Malaysia's Maybank has been executing a strategy of regional expansion over the last few months. It spent US$835mn to acquire Vietnam's An Binh Bank and Pakistan's MCB Bank in May, and bid for a majority stake in Bank Internasional Indonesia (BII). While the other deals are going ahead, its plan to acquire a 56% stake in Bank Internasional Indonesia (BII) for US$2.7bn, an offer which was accepted in March by stakeholder Temasek, has been placed in limbo due to a new Indonesian takeover law.