Malayan Banking’s (Maybank) bosses can expect to come under scrutiny for completing its purchase of Bank Internasional Indonesia (BII) despite securing a discount on the price agreed six months ago.
Maybank on Tuesday bought 55.7 per cent of Indonesia’s eighth largest bank from Sorak Financial Holdings for $1.24bn, a 15 per cent rebate on the original $1.5bn deal. The Malaysian lender will now make a tender offer for the remaining shares at the originally agreed Rp510, or $1.2bn for all of them.




