TheJakartaPost
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Operating 35 local airports and serving 172 million passengers each year, newly merged Angkasa Pura Indonesia (InJourney Airports) is the world's fifth-largest airport operator and is expected to contribute to the country’s tourism revenue.
OCBC Indonesia, a subsidiary of Singapore-based Oversea-Chinese Banking Corporation, has signed an agreement to acquire a 99 percent stake in Commonwealth Bank of Australia's (CBA) local unit in Indonesia, both companies announced on Thursday.
The deal, valued at $253 a share, combines the largest US oil company with one of the most successful names to emerge from the shale revolution that turned the US into the world's largest oil producer in little more than a decade.
Global mergers and acquisitions (M&A) activity fell 36 percent year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market's recovery will gradually restore chief executives' dealmaking confidence.
