GLOBAL: Singapore’s OCBC and Malaysia’s CIMB have submitted non-binding offers for a controlling stake offered by Australia’s ANZ and Indonesia’s Gunawan family in Bank Pan Indonesia (Panin Bank), Reuters reported citing three sources with knowledge on the matter.
ANZ owns 39.22% in Panin Bank while the Gunawan family holds 46.52%, and their combined controlling stake is reportedly worth around US$2.4 billion as of the 9th December 2024.
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