Stock Name: CIMB
Company Name: CIMB GROUP HOLDINGS BERHAD
CIMB Group Holdings Bhd (CIMB MK, Hold, TP: RM7.00) and Royal Bank of Scotland (RBS) have entered into a cooperation agreement which covers potential collaboration in capital market activities, mergers and acquisitions, equities, derivatives, loan markets, trade advisory and trade financing solutions, cash management services and agent or custodian bank arrangements. "We're extremely pleased to be able to do this so quickly after announcing our acquisition of RBS' investment banking and cash equities business in Asia Pacific last week. This will provide a framework for our ex-RBS team to continue to work together with their ex-colleagues in areas of mutual interest between RBS and CIMB," said CIMB Group CEO Datuk Seri Nazir Razak. (StarBiz)
Company Name: CIMB GROUP HOLDINGS BERHAD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 7.00 |
CIMB Group Holdings Bhd (CIMB MK, Hold, TP: RM7.00) and Royal Bank of Scotland (RBS) have entered into a cooperation agreement which covers potential collaboration in capital market activities, mergers and acquisitions, equities, derivatives, loan markets, trade advisory and trade financing solutions, cash management services and agent or custodian bank arrangements. "We're extremely pleased to be able to do this so quickly after announcing our acquisition of RBS' investment banking and cash equities business in Asia Pacific last week. This will provide a framework for our ex-RBS team to continue to work together with their ex-colleagues in areas of mutual interest between RBS and CIMB," said CIMB Group CEO Datuk Seri Nazir Razak. (StarBiz)
Source: ECM Newz Bits13 April 2012
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