Kasikorn Vision Financial Company Pte. Ltd entered into a conditional sale and purchase agreement to acquire 57.51% stake in PT Bank Maspion Indonesia Tbk (IDX : BMAS) for $220 million on May 30, 2022. After completion of the transaction, KBank and KVF will altogether hold not less than 67.50% stake of total shares of PT Bank Maspion. The transaction is subject to the approvals of regulatory authorities and expected to be finalized by the end of 2022.

Kasikorn Vision Financial Company Pte. Ltd completed the acquisition of 57.51% stake in PT Bank Maspion Indonesia Tbk (IDX : BMAS) for $186.5 million on December 6, 2022.