A list of the most popular web browsers can be found below.Publicly listed diversified conglomerate PT Astra International and British lender Standard Chartered Bank have agreed to lower the sale price of Bank Permata as the COVID-19 pandemic poses risks to the financial industry.Both companies agreed to amend the conditional sale and purchase agreement on April 20 with Thailand-based Bangkok Bank as the buyer.“According to the amendment letter, the purchasing price has been changed to 1.63 times Bank Permata’s book value from 1.77 times its book value,” Astra International said in an information disclosure posted on the Indonesia Stock Exchange (IDX) website on April 20.The change stated in the amendment letter is conditional upon the transaction being completed on or prior to June 30.Astra’s investor relations head Tira Ardianti told “Both the seller [Astra and SCB] and the buyer [Bangkok Bank] agreed to the incentive to complete the transaction as well as to provide a sense of certainty to the market during this uncertain time,” she said via text message.Astra’s parent company Jardine Cycle and Carriage Ltd estimated the sale price to be about Rp 17.46 trillion (US$ 1.12 billion) for Astra, based on it being 1.63 times book value as of Dec. 31, 2019, according to a filing on the Singapore Stock Exchange (SGX).
Apapun keinginanmu, inovasi kami hadir menjawab kebutuhan setiap pribadi ... Bank Permata, Tbk.
This comes as a merger and acquisition (M&A) in Indonesia would face "significant challenges", he said in a client note.Managing a mid-sized bank in a market dominated by the top four would be difficult, he pointed out.In addition, it would mean a "multi-year rationalisation process" to manage network duplication and to squeeze out cost savings, he noted. STANDARD Chartered and PT Astra International Tbk are selling their 44.56 per cent stake each in Indonesia's Bank Permata to Bangkok Bank for approximately US$2.6 billion in an all-cash deal.Completion of the deal is subject to approval by Bangkok Bank's shareholders and regulatory nods in Indonesia and Thailand, expected to happen by the end of 2020.The purchase price of US$2.6 billion is 1.77 times multiple of Bank Permata's book value, according to the Indonesian lender's most recent financial results.Based on Bank Permata's book value on Sept 30 2019, the total consideration would be approximately US$2.6 billion, equivalent to a price of IDR1,498 per Permata share.Bangkok Bank is said to have a keen interest to expand its presence in Indonesia.
Astra's shares rose 3.8 percent to Rp 6,800 apiece at the end of the morning session of trading at the Indonesia Stock Exchange (IDX).
[RA::Bangkok Bank to acquire another Indonesian bank after Permata deal: OJKBank Permata announced in December 2019 that Astra and Standard Chartered Bank, each holding a 44.56 percent stake in the bank, agreed to sell their stakes totaling 89.12 percent to Bangkok Bank.The deal valued Bank Permata at 1.77 times its book value per September and indicated a purchase price of Rp 1,498 per share, meaning that Bangkok Bank would buy the two companies’ stakes for a total of Rp 37.44 trillion. The Indonesian lender's owners were said to be seeking a valuation of more than 1.6 times its book value.Considered a mid-sized lender, Bank Permata operates over 300 branches in more than 60 cities in South-east Asia's biggest economy. Jakarta - Pandemi Covid-19 menggangu kinerja PT Astra International Tbk atau ASII. Mr Winters says the sale of StanChart's stake in Bank Permata will allow it to focus on its wholly-owned business in the Indonesian market, which he describes as "large and strategically important". "Existing business relationships between Astra Group and Bank Permata will "continue as usual" and that they will carry on exploring new areas of cooperation, he added.JPMorgan acted as financial adviser to Astra and StanChart.In February this year, StanChart said that its Permata investment was no longer considered core and named Indonesia among four countries where the bank is focused on reducing costs, indicating that it was open to selling its stake.DBS, OCBC and Japan's Sumitomo Mitsui Financial Group were all reported to have been vying to buy Bank Permata. HENTIKAN transaksi dan KONFIRMASI ke PermataTel di 1500111 Pastikan akses PermataNet hanya di https://new.permatanet.com. STANDARD Chartered and PT Astra International Tbk are selling their 44.56 per cent stake each in Indonesia's Bank Permata to Bangkok Bank for approximately US$2.6 billion in an all-cash deal. Completion of the deal is subject to approval by Bangkok Bank's shareholders and regulatory nods in Indonesia and Thailand, expected to happen by the end of 2020. Kepe
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