.
MergerLinks Header Logo

Announced

Completed

Astra International completed the acquisition of a 49.56% stake in Bank Jasa Jakarta for $259m.

Financials

Edit Data
Transaction Value£212m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Domestic

Minority

Acquisition

Single Bidder

Completed

Private

Banks

commercial banking

Indonesia

Private Equity

Synopsis

Edit

Astra International, a Indonesian conglomerate, completed the acquisition of a 49.56% stake in Bank Jasa Jakarta, a lender, for $259m. "Investment in BJJ is in line with Astra aspirations in financial services pillars to become leading retail financial providers in Indonesia and support the growth of financial services industry as well as the economy of Indonesia," Djony Bunarto Tjondro, Astra President Director.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US