Wednesday 15, August 2018 by Kudakwashe

Mubadala mulls selling $150 million worth of shares in Malaysia's RHB Bank

 

Mubadala is selling its shares between MYR 5.07 to MYR 5.18 ($1.24-$1.26).

  

Mubadala Investment Company is considering selling around $150 million worth of shares in Malaysia’s RHB Bank in a block trade, reported Reuters.

The offer represents a steeper discount to the MYR 10.80 per share which Mubadala’s unit, Aabar Investment, paid when it acquired a 25 per cent stake from Abu Dhabi Commercial Bank in 2011.

Mubadala, is the second largest shareholder in RHB through the 17.8 per cent stake held by Aabar.

CIMB and JP Morgan are joint bookrunners on the deal.

  

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