JAKARTA -- Indonesia's largest private lender, Bank Central Asia, agreed on Dec. 11 to acquire the local unit of Dutch company Rabobank, its second purchase of a financial institution this year and the latest consolidation affecting the Southeast Asian country's banking industry.
BCA, through subsidiary BCA Finance, signed a deal to buy all of Rabobank Indonesia for an estimated 397 billion rupiah ($28.3 million). Rabobank said earlier this year that it planned to quit Indonesia.
