|
|
Article: HSBC completes on 89% stake in Bank Ekonomi.
- Article from:
- Europe Intelligence Wire
- Article date:
- May 26, 2009
CopyrightCOPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
(From Banking Newslink)
HSBC announced the successful completion of the acquisition of a 88.89% stake in Bank Ekonomi Raharja Tbk (Bank Ekonomi). It paid $607.5m (€434.8m GBP381.8m YEN57,137m Y4,145m) for the stake. The bank will now be required to make a mandatory tender offer for the remaining stock.
HSBC ...