Merger

Published October 21, 2007

KUALA LUMPUR, Oct 20: Malaysian lenders RHB Capital and AmBank Group are considering merger talks to create the country’s second-largest bank, a business weekly said on Saturday.

Such a merger would also give Australia’s ANZ Bank, which owns 14 per cent of AmBank’s parent company, a much stronger vehicle for expansion through Southeast Asia, the paper added. —Reuters

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