Foreigners Queue Up for Multifinance Takeovers in Indonesia

By Editorial Team 13/03/2024
East Venture Investor
Summary

The Financial Services Authority (OJK) stated that several East Asian investors are acquiring Indonesian multifinance companies. Agusman, the OJK's Executive Head of Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions, said the acquisition process aligns with the increasing presence of motor vehicle manufacturers entering the Indonesian automotive market.

"Foreign investors undergoing the acquisition process are from South Korea, Hong Kong, and Japan," Agusman stated last week. He mentioned that five multifinance companies are in the process, with a transaction value of Rp 13.8 trillion.

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