Grab Said to Eye Stake in Malaysia’s AmBank, Edge Reports

Grab Holdings Inc. is said to be looking to acquire a stake in AMMB Holdings Bhd. from the Malaysian lender’s two largest shareholders -- Australia & New Zealand Banking Group Ltd. and Azman Hashim, the Edge newspaper reported.

The likely acquisition comes amid speculation that AMMB, or AmBank, and RHB Bank Bhd. are revisiting a merger proposal, the newspaper reported, citing people familiar with the matter.

Grab told the paper it doesn’t comment on speculation. ANZ’s spokesperson in Melbourne also told the Edge that the group doesn’t comment on speculation.

Grab, which made its debut on the Nasdaq about five ...