In a statement, Affin Bank said the transaction is expected to be completed in the third quarter of 2022, subject to customary closing conditions, including regulatory approvals.
PETALING JAYA: Affin Banking Group has agreed to transfer its controlling stake in Affin Hwang Asset Management Bhd (Affin Hwang AM) to CVC Capital Partners Asia Fund V.
In a statement, it said the transaction is expected to be completed in the third quarter of 2022, subject to customary closing conditions, including regulatory approvals.
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