OCBC adviser in major stake sale of Indon toll road
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OCBC Bank on Wednesday said it has closed a significant acquisition deal in Indonesia and its first infrastructure-related investment banking mandate, as it rides on the expected infrastructure boom in the country.
It said OCBC Sekuritas, the bank's Indonesian unit, was the exclusive financial adviser for the sale of a stake in Indonesia's longest toll road for 2.57 trillion rupiahs (S$272 million). The deal was only made public when it closed late last month, OCBC said.
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