BIMB receives BNM nod to commence negotiations with LTH

KUALA LUMPUR, June 11 — BIMB Holdings Bhd (BHB) has received approval from Bank Negara Malaysia (BNM) to commence negotiations with Lembaga Tabung Haji (LTH) to acquire LTH’s stake in Bank Islam Malaysia Bhd (BIBM).

Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/bimb-receives-bnm-nod-to-commence-negotiations-with-lth/
Published: Jun 12, 2013

In a filing to Bursa Malaysia, BHB said the negotiations would be completed on or before Dec 31, 2013.
It said consent from BNM should not be construed as an approval for the proposed acquisition.

BIMB said all parties would be required to obtain prior approval from the Minister of Finance before entering into any agreement to effect the proposed acquisition. — Bernama