SINGAPORE -- A subsidiary of Singapore's Oversea-Chinese Banking Corp. has entered into a deal to buy Indonesia's PT Bank Commonwealth from the Commonwealth Bank of Australia, it was announced on Thursday.
Finance
Singapore's OCBC to buy Indonesia's Bank Commonwealth
Above $140m deal to bring lender deeper into Southeast Asia's largest economy
Oversea-Chinese Banking Corp. subsidiary OCBC Indonesia will acquire 99% of the issued ordinary shares in PTBC; it also intends to pursue the remaining 1% from other shareholders. (Source photos by Reuters and AP)
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