KUALA LUMPUR (Bernama) -- RHB Investment Bank Bhd’s unit, PT RHB Sekuritas Indonesia plans to dispose of its investment management services in PT RHB Asset Management Indonesia (RHBAMI).
In a statement today, the group said the proposed transaction, via a conditional share purchase agreement, entails the disposal of PT RHB Sekuritas Indonesia’s entire 98.62% equity interest and 1% equity interest in RHBAMI to Allianz Global Investors Asia Pacific Limited (AllianzGI) and PT Asuransi Allianz Life Indonesia (Allianz Life Indonesia), respectively.
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