Reuters, 30 Aug 2008, Jalil Hamid
KUALA LUMPUR, Aug 30 (Reuters) - Malaysia's Malayan Banking Bhd (Maybank) may pull out of a $2.7 billion acquisition of Bank Internasional Indonesia if Jakarta rejected its appeal to new takeover rules, local media reported on Saturday.
"We remain resolved that we want to pursue this transaction, but obviously, it would have to be without the new rules," Maybank Chief Executive Abdul Wahid Omar said in an interview with the Edge financial weekly.
"We can't proceed if the conditions are not conducive," he said.
The top Malaysian lender has agreed to buy a 55 percent stake in BII from Singapore's Temasek Holdings and South Korea's Kookmin in March.
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