Select a page

Banking News

Standard now likely to win BCA

Standard now likely to win BCA

(Indonesia) - Standard Chartered Bank is favourite to win control of Indonesia's largest retail bank, Bank of Central Asia (BCA), for an estimated US$400m. Final bids for 30 percent of the recapitalised bank along with an option to acquire an additional 21 percent in 12 months were delivered last week. Standard Chartered's bid price came in highest.

Indonesian Government sources have confirmed the formal results will be known later this month.

Standard has partnered its consortium with Berca Indonesia and the investment arm of the Singapore government, together with a Standard shareholder, Prudential.

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.