Malaysia's EON Capital stake sale talks stall-paper

Newswire

KUALA LUMPUR, May 26 (Reuters) - U.S. private equity firm Newbridge Capital may scrap plans to buy a fifth of Malaysian lender EON Capital because of disagreement on pricing, a newspaper reported on Saturday. Malaysian auto and banking group DRB-Hicom , which owns 20.2 percent of EON Capital, in March obtained central bank approval to start stake sale talks with Newbridge. "They've stopped negotiations at this point of time. It's a pricing issue," the Business Times quoted a source ...

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