DBS mulls joining race to acquire Bank Permata Indonesia

DBS mulls joining race to acquire Bank Permata Indonesia

REUTERS/Edgar Su/File Photo

DBS Group Holdings Ltd. is considering joining the race to acquire PT Bank Permata, the Indonesian lender in which Standard Chartered Plc holds a stake, according to people familiar with the matter.

Singapore-based DBS is working with an adviser on the possibility of bidding for Permata, which has a market value of about $2.4 billion, said the people, asking not be identified as the discussions are private.

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