Acquiring up to 19.67% interest in CIMB Niaga from Khazanah. CIMB announced on 14 May a proposal to acquire Khazanah’s 17.1% equity stake in CIMB Niaga and a further equity interest of 2.57%, although the latter sale would be at the sole discretion of Khazanah (Proposed Acquisition). The Proposed Acquisition could amount up to RM1.9bn (IDR1,155/CIMB Niaga share), which would be satisfied by the issuance of up to 134m new CIMB shares at an issue price of RM14.50/share.
CIMB Group Berhad : Streamlining CIMB Niaga’s Shareholding Structure - 17/5/2010
No comments:
Post a Comment