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OCBC pays US$228m for Barclays' Singapore, HK wealth business

Price is 29% below initial estimate as the amount of assets transferred to Bank of Singapore is smaller
Tuesday, November 29, 2016 - 05:50

Singapore

OVERSEA-Chinese Banking Corp's purchase of Barclays Plc's wealth-management units in Singapore and Hong Kong was priced at US$227.5 million, 29 per cent below an initial estimate, after the amount of assets being transferred fell.

The final price is based on 1.75 per cent

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