BMB Group, a firm representing Malaysian investors, has offered to pay as much as $4 billion for Kerzner International Holdings Ltd., BMB founder Rayo Withanage has confirmed to Bloomberg News.
The news agency reported last night that the firm’s BMB Advisors Malaysia Ltd. unit sent a letter on October 11 to Sol Kerzner offering to pay $3.4 billion to $4 billion for the company. Bloomberg News said it has a copy of the letter.
BMB was founded in 2004 by Withanage and Brunei’s Prince Abdul Ali Yil-Kabier, a nephew of the Sultan of Brunei.
BMB is a “family office”, managing money for wealthy families in Brunei, Malaysia and the Persian Gulf, Withanage told Bloomberg News. It is based in the Cayman Islands and has offices in New York, London, Kuala Lumpur and Beijing, he added.
