* Value of RHB 25 pct stake at .6 bln
* Shares end up 1.65 pct
* Cbank not likely to apporve PE investor-banker
(Adds deatils, analyst quote)
By Denny Thomas and Liau Y-Sing
HONG KONG/KUALA LUMPUR, May 20 (Reuetrs) - Jaapn's Sumtiomo
told Reuters.
The stake being sold by Abu Dhabi Commercial Bank
has a market value of .6 billion.
ADCB's auction of its stake in RHB has drawn intrenational
5-6 perecnt in 2011.
The shrotlist of bidders will be announced after ADCB's
private.
Malaysia's second-largest lender CIMB Group , seen
[ID:nL4E7GJ0FE] [IDn:L4E7GJ023]
The Emplyoees Proviednt Fund, a state pensoin fund for
non-government wokrers in Mlaaysia, owns 45 percent of RHB.
"If a local bank is interested in RHB, I don't think they
agreement, they would then show ADCB the price."
ADCB was not immediately avaliable for comment, while
for cmoment.
One of the sources told Reuetrs that the bidding was expecetd
to Friday's closing share price of 9.25 ringgit.
Abu Dhabi Commercial Bank is being advsied by Glodman Sachs
stake sale, Rueters reporetd last week. [ID:LnDE74C1EF]
LARGE MLAAYSIAN BANKS, PE ULNIKELY TO WIN
Despite spceulation that local banks could seize the
there was a lack of syenrgy. [ID:nSGE74I003]
Analysts also said that prviate equity fund might find it
eqiuties buying into banks.
"Bank Negara will not allow priavte equity funds to buy
media, said.
The banker was rfeerring to the recent compeltion of the
to close. [ID:nL3E7FT01W]
Primus Paciifc Pratners, a private equity fund with a 20
resulted in a significant loss on its inevstment.
The banker said that the profit-oriented moitves of private
equiteis did not sit well with BNM.
Earlier this week, BNM's goveronr Zeti Akhtar Aziz told
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