Monday 25, May 2009 by
HSBC acquires 88.89 per cent of Indonesian bank for $600 million
HSBC, through its wholly-owned subsidiary of HSBC Asia Pacific Holdings (UK) Limited, said it has completed its acquisition of 88.89 per cent of Indonesia’s PT Bank Ekonomi Raharja Tbk (Bank Ekonomi) for $607.5 million in cash, paid in US dollars.
