DBS, ABN AMRO submit final bids for SocGen Asia private bank-sources
SINGAPORE/HONG KONG, Nov 26 (Reuters) - Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse are among suitors that have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said.
Five suitors were short-listed for the final round after the sale process attracted 10 bidders, sources said. It was not immediately clear if all the five short-listed bidders had placed final bids.
The sources declined to be identified as they are not authorised to talk to the media.
A SocGen spokeswoman in Singapore declined to comment. DBS, Credit Suisse and ABN AMRO also declined to comment.
(Reporting by Saeed Azhar and Denny Thomas; Editing by Edwina Gibbs)