SUBSCRIBERS
Analysts flag potential M&A risks in OCBC's rumoured Permata buy
Published Sun, Aug 18, 2019 · 09:50 PM
Singapore
SOME analysts are raising acquisition risks behind the reported interest by OCBC to snap up most of Indonesian lender Bank Permata, warning that these pressures could weigh on the bank's shares in the near term.
Bloomberg reported last Wednesday that Singapore's second-largest lender was weighing a bid for a controlling stake in Bank Permata, which is valued at about US$2 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Fed’s Kashkari says rates likely on hold for ‘extended period’
FTX has billions more than needed to pay bankruptcy victims
UOB Q1 profit down 1.6% to S$1.49 billion
AI risks to financial stability are already a central bank worry
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Over S$646,000 spent to store, maintain, safeguard assets in money laundering case