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Bank Islam: Dubai Group no longer keen to sell stake

Dubai Group LLC may no longer be keen to sell its 30.5% stake in Bank Islam Malaysia Bhd, sources said. The Middle Eastern group had hired investment bank Rothschild to look for potential buyers but has since been dragging its feet on the matter. "They may not sell after all because they see value in the bank," a source said. Sources had said in February that a deal could be concluded in June or July. Now, however, there are doubts as to whether the group still plans to sell. Dubai Group was not immediately able to comment on the matter. (BT)