Sumitomo, Carlyle, JC Flowers in First Round for RHB Capital

Japan’s Sumitomo Mitsui Financial Group and private equity firms the Carlyle Group and JC Flowers are among the bidders in the first-round of an auction for a 25% stake in Malaysian lender RHB Capital, Reuters reported. The stake being sold by Abu Dhabi Commercial Bank has a market value of $1.6