Post by account_disabled on Dec 30, 2023 3:31:34 GMT -5
Bangkok Bank reinforces its leadership in the region Announcement of acquisition of Permata Bank in Indonesia From Standard Chartered Bank and Astra International Bangkok Bank Public Company Limited ("Bangkok Bank" or the "Bank") today announced that The bank entered into a conditional share purchase agreement with Standard Chartered Bank. ("Standard Chartered") and PT Astra International TBK ("Astra") to acquire an 89.12% stake in PT Permata Bank TBK. ("Permata"), an Indonesian bank. The transaction is expected to be completed within 2020. Bangkok Bank expects to make a tender offer for the remaining 10.88 percent of Permata's shares after acquiring 89.12 percent of the shares.
This has already been completed. The transaction is based on an agreed-upon valuation basis of 1.77 times Permata's book value. (Subject to conditions related to price adjustments.) Therefore, if Permata's book value is calculated as of September 30, 2019, the initial share purchase price will be Rp 1,498 per share. For a shareholding of 89.12%, the initial transaction value will be 37,430,974 million rupiah (approximately must pay WhatsApp Number List for acquiring 89.12 percent of shares in Permata will be calculated again for the final time by referring to a rate of 1.77 times the value. According to Permata's account (subject to conditions relating to price adjustments) as reflected in Permata's most recent financial statements published prior to the closing date.
the transaction. This transaction will be successful. When the conditions precedent have been complied with This includes receiving approval from the Bank of Thailand. and the Indonesian Financial Business Regulatory Authority (Otoritas Jasa Keuangan), as well as approval from Bangkok Bank's shareholders. In entering into this transaction The bank expects to use internal funds and sources of funds obtained from normal bank financing and expects that upon completion of the transaction, It will help increase the bank's earnings per share and shareholder returns immediately. Meanwhile, the bank continues to maintain a strong capital position. Bangkok Bank is a Thai commercial bank with the most extensive overseas branch network. It has branches covering 14 important economic zones in the world. and foreign business loans account for 17 percent of the bank's total loans. Over the years The Bank has a strategy to connect to the region.
This has already been completed. The transaction is based on an agreed-upon valuation basis of 1.77 times Permata's book value. (Subject to conditions related to price adjustments.) Therefore, if Permata's book value is calculated as of September 30, 2019, the initial share purchase price will be Rp 1,498 per share. For a shareholding of 89.12%, the initial transaction value will be 37,430,974 million rupiah (approximately must pay WhatsApp Number List for acquiring 89.12 percent of shares in Permata will be calculated again for the final time by referring to a rate of 1.77 times the value. According to Permata's account (subject to conditions relating to price adjustments) as reflected in Permata's most recent financial statements published prior to the closing date.
the transaction. This transaction will be successful. When the conditions precedent have been complied with This includes receiving approval from the Bank of Thailand. and the Indonesian Financial Business Regulatory Authority (Otoritas Jasa Keuangan), as well as approval from Bangkok Bank's shareholders. In entering into this transaction The bank expects to use internal funds and sources of funds obtained from normal bank financing and expects that upon completion of the transaction, It will help increase the bank's earnings per share and shareholder returns immediately. Meanwhile, the bank continues to maintain a strong capital position. Bangkok Bank is a Thai commercial bank with the most extensive overseas branch network. It has branches covering 14 important economic zones in the world. and foreign business loans account for 17 percent of the bank's total loans. Over the years The Bank has a strategy to connect to the region.