Malaysia CIMB Group to Buy GE's 25% Stake in Bank of Ayudhya -Report
08 Ottobre 2012 - 6:30AM
Dow Jones News
Malaysia's CIMB Group Holdings Bhd. (1023.KU) is set to acquire
General Electric Co.'s (GE) 25% stake in Thailand's Bank of Ayudhya
PCL (BAY.TH), Kaohoon, a Thai-language daily newspaper, reported
Monday, citing a source.
CIMB Group is negotiating the price, it said, adding that the
Malaysian bank plans to merge its local unit, CIMB Thai Bank PCL
(CIMBT.TH), with Bank of Ayudhya, Thailand's fifth largest lender
by assets.
Newspaper website: www.kaohoon.com
Write to djnews.bangkok@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires