Friday, September 26, 2008

Malaysian Cbank tells Maybank to renegotiate BII

Malaysia's central bank has told Maybank to renegotiate the price for its proposed $2.7 billion purchase of Bank Internasional Indonesia , the company said on Friday.

Bank Negara Malaysia has also asked Maybank to obtain an extension to the Sept. 26 deadline to complete the deal, the company said in a statement to Bursa Malaysia.

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