DBS, ABN AMRO submit final bids for SocGen Asia private bank-sources

Monday, 25 Nov 2013 | 8:51 PM ET

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)

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