CBA to Sell Stake in Indonesian Unit to Singapore’s OCBC
11/16/2023 11:48
Commonwealth Bank of Australia agreed to sell its 99% stake in its Indonesian banking unit to Oversea-Chinese Banking Corp. for about A$220 million ($142 million).
Commonwealth Bank of Australia agreed to sell its 99% stake in its Indonesian banking unit to Oversea-Chinese Banking Corp. for about A$220 million ($142 million).
Completion of the deal, subject to regulatory requirements, is expected in the second or third quarter of next year, CBA said in a statement Thursday.