DBS Group Holdings Ltd (DEV.F)
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Singapore’s DBS weighs stakes acquisitions in Malaysian banks
DBS's plan to enter the Malaysian market aligns with the country's improving economic outlook.
- Reuters
Singapore's DBS eyes Malaysian bank stakes in expansion push, sources say
SINGAPORE (Reuters) -Singapore's biggest lender DBS Group Holdings Ltd is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia's smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek's 29.1% stake in Alliance Bank Malaysia Bhd, said the two sources with knowledge of the matter, a slice currently valued at about $460 million.
