StanChart and Astra make joint bid for Permata

Standard Chartered looks to motor its way into pole position in its bid for Bank Permata of Indonesia.

Nick Lord

July 23, 2004

Standard Chartered announced late on Friday that it is to team up with Astra International to make a joint preliminary bid for a 71% stake in Bank Permata being sold by the Indonesian government. The stake is one of the last major bank assets for sale in Indonesia and has attracted considerable international attention.

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