OCBC to buy Indonesia’s Bank Commonwealth for $191 million
#1

Prisca Ang
UPDATED 8 HOURS AGO


SINGAPORE – OCBC Bank’s subsidiary in Indonesia is buying Commonwealth Bank of Australia’s (CBA) unit in the South-east Asian country.

Bank OCBC NISP (OCBC Indonesia) will pay CBA 2.2 trillion rupiah (S$191 million) for a 99 per cent shareholding in the unit, Bank Commonwealth, and acquire the remaining 1 per cent from other shareholders.


https://www.straitstimes.com/business/oc...23-million
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