Reuters reveals bidders for $1.6 billion Malaysia bank RHB’s stake

Reuters was alone with news of first-round bidders for a 25 percent stake in Malaysian bank RHB. Reuters sources-based stories on May 18 and 20 revealed that Japan’s No. 3 lender Sumitomo Mitsui Financial Group as well as private equity firms Carlyle and JC Flowers had submitted bids for the stake, which was being put on the block by Abu Dhabi Commercial Bank and was valued in the market at $1.6 billion. Private equity firm TPG, however, withdrew from the race.