RHB sale fetches $149m for Abu Dhabi shareholder

By John Loh
15 Aug 2018

An overnight sell-down in Malaysia’s RHB Bank raised MR609.9m ($148.9m) for its Middle Eastern shareholder on Tuesday. The deal finally went ahead after a period of election-related uncertainty.

Abu Dhabi state fund Mubadala Investment opened books after the market closed, launching the deal through bookrunners CIMB and JP Morgan. The vendor was aiming to sell 120.3m secondary shares in RHB, Malaysia’s fourth largest bank by assets.

The deal was pitched at MR5.07 to MR5.18 a share, ...

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