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RHB Cap to abort Bank Mestika buy?

PETALING JAYA: RHB Capital Bhd (RHB Cap), the fourth largest banking group in the country, may abort its plans to acquire 40% stake in Bank Mestika Dharma of Indonesia for RM651mil, a move which will delay its expansion into the country, according to analysts.

In responding to queries from StarBiz on RHB Cap’s planned acquisition of Bank Mestika, the banking group said: “We will make the necessary announcements if there are any updates.”

The conditional agreement between RHB Cap and the Financial Services Authority of Indonesia (OJK) for RHB Cap to acquire the 40% stake in the Indonesian bank will expire …
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