Japan's SMFG most serious contender for Bank Permata stake, says regulator

Photo: Bank Permata website

Japan’s SMFG is the most serious bidder competing for a stake in Indonesia’s PT Bank Permata, Slamet Edy Purnomo, a deputy commissioner at Indonesia Financial Service Regulator (OJK), said on Friday.

Just two bidders are now vying for the stake in the mid-sized lender which is controlled by Standard Chartered and PT Astra International, who each own a 45% stake, Purnomo told reporters.

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