Grab Holdings Limited (NasdaqGS:GRAB) is said to be looking to acquire a stake in AMMB Holdings Berhad (KLSE:AMBANK) (AmBank), and the sellers are likely to be the banking group's two largest shareholders "Australia and New Zealand Banking Group Limited (ASX:ANZ), which has a 21.68% stake, and Tan Sri Azman Hashim, who holds 11.83% equity interest" according to several persons familiar with the matter. When contacted on the potential stake acquisition, Grab says in an email reply that "We don't comment on market rumours and speculations". Likewise, ANZ's s spokesperson in Melbourne tells The Edge that the Australia-based financial group does not comment on rumours and speculation, without revealing whether it is still on the lookout for a buyer for its stake in AmBank.
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5-day change | 1st Jan Change | ||
3.37 USD | -0.59% | +1.20% | 0.00% |
Stocks mentioned in the article
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28.25 AUD | -1.09% | -2.42% | 55.24B | ||
4.15 MYR | -0.48% | -2.12% | 2.88B | ||
EPS Revisions
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0.00% | 13.34B | |
-22.05% | 212B | |
-8.64% | 67.49B | |
-1.98% | 56.43B | |
-11.08% | 45.06B | |
-6.97% | 33.59B | |
-11.24% | 28.33B | |
+67.63% | 22.68B | |
+0.81% | 21.01B | |
+4.02% | 11.68B |
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- Grab Holdings Reportedly Eyes Stake in AMMB Holdings