RHB Capital May Abort Plans To Buy Bank Mestika


News: Malaysian financial institution RHB Capital Berhad may call off plans to acquire a 40% stake in Indonesia-based Bank Mestika Dharma for MYR651mn (USD201.16mn) (The Star Online). The conditional agreement between RHB Capital and the Financial Services Authority of Indonesia for the Malaysian lender to acquire the 40% stake in Bank Mestika will expire in June 2014. The move could affect RHB Capital's expansion in Indonesia, as the proposed acquisition would provide a platform for its expansion into the country.

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Geography: Indonesia

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