September 19, 2017 / 10:59 AM / a month ago

BTMU selling up to M$2.60bn of CIMB shares

SINGAPORE, Sept 19 (IFR) - Bank of Tokyo-Mitsubishi UFJ is selling shares totalling M$2.54bn–$2.60bn (US$605m-$620m) in Malaysia’s CIMB Group in the M$6.15–$6.30 range, according to a term sheet. Around 412.5m shares (or 4.56% of the share capital) are being sold in the clean-up trade and the price range represents a 2.5%–4.8% discount to the pre-deal close of M$6.46. CIMB, Credit Suisse and Morgan Stanley are the bookrunners. (Reporting by Anuradha Subramanyan)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below