It is aiming to make a total investment of $35.30m into Bank Yudha Bhakti.
Online consumer finance platform Akulaku has bought 8.9% stake in Indonesian lender Bank Yudha Bhakti for $11.16m (RP158b) from existing shareholder Gozco Capital, according to local media reports.
Akulaku aims to make a total investment of $35.30m (RP500b) into the bank which will be carried out in stages.
Following the acquisition, Gozco remains the bank’s controlling shareholder with 33.26% stake whilst insurer Asabri owns 23.89%. The rest of the shares are publicly owned.
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