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Malaysia's sovereign wealth fund bids for GE's US$1.8bil in Thai bank

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Malaysia's Khazanah Nasional Bhd is seeking to buy General Electric's $1.8 billion stake in Bank of Ayudhya, sources familiar with the matter said, pitting it against Japanese banking giant Mitsubishi UFJ Financial Group. Khazanah's bid for GE's 25.3 percent stake came as a surprise, the sources said, declining to be…

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