KUALA LUMPUR: Khazanah Nasional Berhad, Swissasia Global (SAG) and Khazanah's wholly-owned subsidiary Santubong Investments BV have entered into an agreement to acquire SAG's 52.05% stake in Indonesia's PT Bank Lippo for between 3.18 trillion and 3.30 trillion rupiah (RM1.23bil and RM1.28bil).
The deal would be finalised upon completion of the bank's June 30 accounts auditing, said Khazanah, the Malaysian Government's investment-holding arm.
