Announced
Financials
Tags
Merger
Banks
Pending
Friendly
banking services
Private
Indonesia
Synopsis
BTPN and the Indonesian unit of Tokyo-listed Sumitomo Mitsui Financial Group announced plans to merge this year after the Japanese lender’s chief executive said it was keen to increase its ownership in BTPN from 40%. Indonesia Financial Service Authority has approved the merger and it is expected to close as of 1st February of 2019.
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