CIMB, J Trust Among Bidders for Indonesia's Bank Commonwealth, Reuters Reports
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Dow Jones
--Malaysian lender CIMB Group Holdings and Japanese finance services company J Trust are among companies competing to buy Indonesia's PT Bank Commonwealth in a deal may value the lender at $400 million to $500 million, Reuters reports, citing unnamed sources.
--According to Reuters, sale's financial adviser Morgan Stanley requested bidders to submit binding proposals by early November .
Full story: https://jp.reuters.com/article/bank-commonwealth-ma/cimb-j-trust-among-suitors-for-indonesias-bank-commonwealth-sources-idINL4N3C11ID
Write to Ying Xian Wong at yingxian.wong@wsj.com
(END) Dow Jones Newswires
October 31, 2023 21:08 ET (01:08 GMT)
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