KUALA LUMPUR (Oct 9): AMMB Holdings Bhd has confirmed that both The Australia and New Zealand Banking Group Ltd (ANZ), and AMMB’s Chairman Tan Sri Azman Hashim, are not in any discussions to dispose their stakes in AMMB.

The banking group had stated the above, in response to articles headlined Changing Bankscape and ANZ reportedly looking to sell down Asian Assets appeared on a local daily on Saturday Oct 4, which had claimed that ANZ and Azman had engaged investment banks to sell their stakes in AMMB.

“This report is incorrect, and is speculative in nature. Tan Sri Azman Hashim has confirmed that he has not engaged in any discussions on this matter.

“ANZ have also informed AMMB that they are not engaged in any discussions to sell their stake or appointed an investment bank to divest their shareholding,” said AMMB in a press statement today.

ANZ holds a 23.78% stake in AMMB, while Azman currently holds 13.32% equity interest in the group.  

“We would like to take this opportunity to reassure all customers and stakeholders that we will continue to act in the best interests of all customers and stakeholders of AMMB,” it added.

AMMB closed at RM6.81 today, giving it a market capitalisation of RM20.44 billion.