Bangkok, Thailand — December 19, 2019
Bangkok Bank Public Company Limited announced that the Bank has entered into a conditional share purchase agreement with Standard Chartered Bank and PT Astra International Tbk to acquire their aggregate 89.12% shareholding in Indonesian bank PT Bank Permata Tbk. The Transaction is expected to close within 2020. Bangkok Bank anticipates conducting a mandatory tender offer for the remaining 10.88% stake in Permata following the completion of its acquisition of the 89.12% stake.