CIMB says ‘good time’ to invest in battered Indonesia, seeks M&A

CIMB says ‘good time’ to invest in battered Indonesia

CIMB was among the shortlisted bidders for HSBC Holdings Plc’s retail and wealth assets in Indonesia. KUALA LUMPUR: CIMB Group Holdings Bhd, Malaysia’s second-biggest bank, says it is seeking merger and acquisition opportunities in neighbouring Indonesia despite a slump in investor confidence in Southeast Asia’s biggest economy. “For investors who see long-term potential in Indonesia, certainly it is a good time to come in,” CIMB’s CEO Novan Ami…

CIMB says ‘good time’ to invest in battered Indonesia, seeks M&A

The Malaysian lender is looking at various assets that would complement its existing business Read more at The Business Times.