Deals
Malaysia’s AMMB Muling Sale of $300 Million Asset Manager, Sources Say
- Other industry players, buyout firms have expressed interest
- AmInvest has over $10 billion of assets under management
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AMMB Holdings Bhd., a financial services group in Malaysia, is weighing a sale of its asset management unit that could be valued at as much as $300 million, according to people with knowledge of the matter.
The Kuala Lumpur-listed company has been approached by other industry players and private equity firms which have expressed interest in AmInvest, the people said. A deal could value the asset management unit at between $250 million and $300 million, said the people, who asked not to be identified as the information is private.