DBS had previously tried to buy Temasek’s stake in Alliance Bank in 2012 but failed to clear regulatory hurdles.
DBS Group Holdings, the only Singapore bank without a retail presence in Malaysia, is mulling potential acquisitions across the Causeway, reports Reuters, citing unnamed sources.
According to Reuters, one possibility is to take over Temasek’s 29.1% stake in Alliance Bank Malaysia, which is now valued at US$460 million.
