Singtel takes 16.3% stake in Indonesia’s Bank Fama for $48 million

January 21, 2022 8:49 AM

SINGAPORE (THE BUSINESS TIMES) – Singtel has acquired a 16.3 per cent stake in an Indonesian bank for 500 billion rupiah (S$48 million) in cash, as part of its plans to pursue banking opportunities in the country.

Source : https://www.straitstimes.com/business/companies-markets/singtel-takes-163-stake-in-indonesias-bank-fama-for-48-million