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Sovereign Wealth Funds Briefing - Categorized | Market

Khazanah backs CIMB-RHBCap merger

Posted on 02 June 2011

Khazanah Nasional Bhd, Malaysia’s sovereign investment company, is supportive of CIMB Group Holdings Bhd merging with RHB Capital Bhd. if it creates value, Managing Director Azman Mokhtar told reporters in Kuala Lumpur.
Khazanah is CIMB’s biggest shareholder with a 28.6 per cent stake, according to data compiled by Bloomberg. CIMB yesterday said it had central bank approval to begin preliminary talks on a possible merger with RHB………………………………………Full Article: Source


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