StanChart says stake in Indonesia’s Bank Permata ‘no longer core’, hints at exit

The Standard Chartered Plc logo is displayed atop the Standard Chartered Wealth Management Centre, foreground, as Two International Finance Centre (IFC) stands in Hong Kong, China, on Saturday, Feb 16, 2019. Photographer: Anthony Kwan/Bloomberg

Standard Chartered Plc on Tuesday said its stake in Indonesia’s PT Bank Permata Tbk is no longer core, signalling its intention to exit the investment.

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