CIMB, J Trust in race for Indonesia's Bank Commonwealth

CIMB, J Trust in race for Indonesia's Bank Commonwealth

Bali, Indonesia, photo by UnSplash

Malaysian bank CIMB and Japanese finance company J Trust are among firms vying to buy Indonesia’s PT Bank Commonwealth in a deal that could value the lender at $400-500 million, two sources with knowledge of the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter