21.04.2011 - Malaysia's Khazanah to start talks to sell Muamalat-paper
Malaysia's state investment arm Khazanah Nasional will start talks to sell its 30 percent stake in Bank Muamalat to financial group BIMB Holdings which could merge the sharia lender with Bank Islam, Business Times reported on Thursday, citing unnamed sources. "Significant discussions on an M&A (merger and acquisition) exercise, with a view to a merger between both banks, is expected to start very soon," a source familiar with the plan was quoted as saying..............................................Full Article: Source
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