CIMB said to be in talks to sell $200m stake in brokerage arm

CIMB said to be in talks to sell $200m stake in brokerage arm

CIMB. Photo: Bloomberg

CIMB Group Holdings Bhd., Malaysia’s second-biggest lender, is in talks to sell a stake in its brokerage business to China Galaxy Securities Co. for about $200 million, people with knowledge of the matter said.

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