21.08.2012 - Affin plans to buy stake in Bank Muamalat
Analysts have mixed views on Affin Holdings Bhd's surprise plan to buy a stake in Bank Muamalat Malaysia Bhd, one of the country's two stand- alone Islamic banks. While they note that the move could strengthen Affin's foothold in the Islamic banking sector, they don't see much synergies being derived. Details remain scant as negotiations with Bank Muamalat's two shareholders - DRB-Hicom Bhd and Khazanah Nasional Bhd - are at an early stage...............................................Full Article: Source
Print