Khazanah Nasional Bhd. will sell an additional 2.57 percent stake in PT Bank CIMB Niaga Tbk to
Malaysia's CIMB Group Holdings Bhd.
The move raises the total stake sale in the Indonesian unit by Khazanah to 19.67 percent, CIMB said in a statement. CIMB announced on May 14 it agreed to buy 17.1 percent of Bank CIMB Niaga from Khazanah, which may sell its additional 2.57 percent stake later.
Malaysia's CIMB Group Holdings Bhd.
The move raises the total stake sale in the Indonesian unit by Khazanah to 19.67 percent, CIMB said in a statement. CIMB announced on May 14 it agreed to buy 17.1 percent of Bank CIMB Niaga from Khazanah, which may sell its additional 2.57 percent stake later.
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