Malaysia's CIMB Group said it has acquired certain businesses of Royal Bank of Scotland in Asia Pacific, including some of its assets in India. CIMB will pay RBS a gross amount of about £88.40 million (about Rs 720 crore) and inject further £85.50 million of new capital into various operating entities.
The deal will allow CIMB, one of the largest banking groups by assets in Southeast Asia, to have a strong focus on Indian markets.
CIMB will buy most of the Asia Pacific cash equities and associated investment banking businesses of RBS. "The deal will see CIMB emerging as the largest investment banking franchise based in Asia Pacific (ex-Japan)," the Malaysia Stock Exchange listed bank said in a release on Monday.
The deal will allow CIMB, one of the largest banking groups by assets in Southeast Asia, to have a strong focus on Indian markets.
CIMB will buy most of the Asia Pacific cash equities and associated investment banking businesses of RBS. "The deal will see CIMB emerging as the largest investment banking franchise based in Asia Pacific (ex-Japan)," the Malaysia Stock Exchange listed bank said in a release on Monday.
No comments:
Post a Comment