16.05.2011 - DRB-Hicom explores Bank Muamalat-Bank Islam merger, not sale plan
DRB-Hicom Bhd is exploring a potential merger of Bank Muamalat Malaysia Bhd and Bank Islam Malaysia Bhd but there are no plans to sell its shareholding in Bank Muamalat. The company said on Friday, May 13 it had submitted a letter of expression of interest to BIMB Holdings Bhd (BIMB) to explore a potential merger of the two banks and “has yet to commence any exploratory discussions with BIMB”..............................................Full Article: Source
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