
BRI acquired another 1.98 billion shares of Bank Raya Indonesia
26 Dec 2022 09:10
On Tuesday, December 20, Bank Rakyat Indonesia acquired an additional 1,981,629,174 shares of PT Bank Raya Indonesia Tbk (AGRO). As the controller, PT Bank Rakyat Indonesia (Persero) Tbk now owns 86.5 percent of Bank Raya, its micro banking subsidiary. Axiata Investments (Indonesia) Sdn Bhd, a Malaysian company, also made a fantastic purchase of 1.47 billion shares of PT XL Axiata Tbk (EXCL), increasing the controller's holding percentage to 65.86%.