Bank Niaga sale finalized

Indonesia''s parliament approves the sale of Bank Niaga to Commerce Asset Holdings.

Nick Lord

September 26, 2002

On Wednesday evening Indonesia's parliament finally approved the sale of 51% of Bank Niaga to Commerce Asset Holdings of Malaysia. The Indonesian Bank Restructuring Agency (IBRA) will receive Rp1.057 trillion ($118 million) for a price of Rp26.5 per share.

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M&A
Southeast Asia

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