Compass Banca S.p.A. and Star Finance Srl entered into an agreement to acquire a 30.9% stake in PT BFI Finance Indonesia Tbk (IDX:BFIN) from Trinugraha Capital & Co. on August 3, 2018. Star Finance will acquire an 11% stake and Compass will acquire 19.9% stake in BFI while Compass will acquire a 19.9% stake. The transaction is expected to close by the end of year 2018. Credit Suisse is advising the consortium on the sale. Pietro Bernasconi, Eugenio Muschio, Chiara Marinozzi, Daniele Minniti and Erwandi Hendarta from Studio Professionale Associato a Baker & McKenzie acted as legal advisors for Compass. Morgan Stanley acted as advisor to Trinugraha Capital & Co. in the transaction. Compass Banca S.p.A. and Star Finance Srl cancelled the acquisition of 30.9% stake in PT BFI Finance Indonesia Tbk (IDX:BFIN) from Trinugraha Capital & Co. on August 3, 2018.