Kenanga Said to Near $298 Million Purchase of EC
Post# of 25616
Posted On: 02/23/2012 1:40:13 AM
Kenanga Said to Near $298 Million Purchase of ECM Libra Unit
K&N Kenanga Holdings Bhd., the Malaysian brokerage backed by Deutsche Bank AG, is close to an agreement to buy the investment banking and broking unit of ECM Libra Financial Group Bhd. for about 900 million ringgit ($298 million), according to three people familiar with the matter.
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