CIMB Group: Signed Initial Pact With Royal Bank Of Scotland To Buy Some Asia Assets
01 Marzo 2012 - 5:41AM
Noticias Dow Jones
CIMB Group Holdings Bhd. (1023.KU) said Thursday it signed a
preliminary agreement with Royal Bank of Scotland Group PLC
(RBS.LN) to buy some of the British bank's assets in Asia.
CIMB plans to acquire some of the cash equities, equity capital
markets and corporate finance businesses operated by RBS in the
Asia-Pacific region, CIMB said in a statement on the memorandum of
understanding signed by the two parties.
"The MOU provides for the parties to negotiate exclusively with
each other and finalise the scope and terms of a sale and purchase
agreement," it said, adding that any further announcements would be
made at the "appropriate time."
Local banks across Asia-Pacific are seeking to become regional
players by hiring bankers from Western firms such as RBS, which are
retrenching across the region.
-By Ankur Relia, Dow Jones Newswires; 603-2026-1233;
ankur.relia@dowjones.com