Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 7.00 |
CIMB Holdings Bhd (CIMB MK, Hold, TP: RM7.00) signed a MoU for the proposed acquisition of certain businesses The Royal Bank of Scotland (RBS) in Asia Pacific. The banking group said the MoU is for the acquisition of certain cash equities, equity capital markets and corporate finance businesses of RBS in Asia Pacific. The MoU will provide both banks to negotiate exclusively with each other and finalise the scope and terms of a sale and purchase agreement. (Financial Daily)
Source: ECM Newz Bits 02 March 2012
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