Bangkok Bank Public Company Limited completed the acquisition of an additional 10.59% stake in PT Bank Permata Tbk for approximately IDR 4.0 trillion.
Bangkok Bank Public Company Limited (SET:BBL) completed the acquisition of an additional 10.59% stake in PT Bank Permata Tbk (IDX:BNLI) for approximately IDR 4.0 trillion on October 7, 2020. During the offer period, approximately 2.97 billion shares were tendered and accepted. Upon completion, Bangkok Bank Public Company Limited holds 98.71% stake in PT Bank Permata Tbk. Erwandi Hendarta, Mahardikha Sardjana and Eddie Dewanda of HHP Law Firm acted as legal advisors to PT Bank Permata. Bank Permata Tbk completed the integration plan with Bangkok Bank branches.