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Home / News / Ma

DBS considers joining race for Bank Permata Indonesia

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DBS considers joining race for Bank Permata Indonesia

Bloomberg Published on Thu, Oct 10, 2019 / 1:32 AM GMT+8

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SINGAPORE (Oct 10): DBS Group Holdings 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 US$2.4 billion ($3.3 billion), said the people, asking not be identified as the discussions are private.

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