KBANK Announces Completion of Indonesian “PT Bank Maspion” Acquisition

Kasikornbank Public Company Limited (SET: KBANK) announced on Friday that Kasikorn Vision Financial Company Pte. Ltd., (a subsidiary) has completely acquired shares of PT Bank Maspion Indonesia Tbk, Indonesia, in accordance with the Conditional Sale and Purchase Agreement (CSPA). 

KVF entered into the Conditional Sale and Purchase Agreement (CSPA) on May 30, 2022, with the company and  KVF together holding a total of 67.50% of shares of PT Bank Maspion Indonesia Tbk.