PETALING JAYA: AMMB Holdings Bhd is said to be considering an offer for its asset management unit AmInvest.
Bloomberg, citing people with knowledge of the matter, said in a report today that AMMB has been approached by other industry players and private equity firms and if there is a deal, it could be worth US$250 million to US$300 million (RM1.06 billion to RM1.27 billion).
However, the report said, there is no certainty that AMMB would go ahead with a sale. The Bloomberg report said a representative of AMMB “could not immediately comment” on the matter.
If it proceeds with the sale, AMMB would join a list of Southeast Asian banks in divesting their non-core assets.
Also looking into selling its asset management unit is Thailand’s Kasikornbank, Bloomberg reported.