Article: HSBC completes on 89% stake in Bank Ekonomi.

(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 ...

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