PT Bank Central Asia Tbk and PT BCA Finance signed an agreement to acquire PT Bank Royal Indonesia from Leslie Soemedi, Ibrahim Sumedi, Herman Soemedi, Nevin Soemedi, PT Royalindo Investa Wijaya, and Ko, Sugiarto for IDR 1 trillion.
April 21, 2019
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PT Bank Central Asia Tbk (IDX:BBCA) and PT BCA Finance signed an agreement to acquire PT Bank Royal Indonesia from Leslie Soemedi, Ibrahim Sumedi, Herman Soemedi, Nevin Soemedi, PT Royalindo Investa Wijaya, and Ko, Sugiarto for IDR 1 trillion on April 16, 2019. The consideration will be up to a maximum of IDR 1 trillion. Under the terms of the transaction, PT Bank Central Asia Tbk will acquire 2.9 million shares and PT BCA Finance will acquire 1 share in PT Bank Royal Indonesia. Post completion, PT Bank Royal Indonesia will become the subsidiary of PT Bank Central Asia Tbk. The acquisition will be funded through its own capital from funds held as retained earnings.
PT Bank Royal Indonesia had total assets of IDR 968.5 billion, net assets of IDR 334.5 billion, operating income of IDR 4.9 billion and net income of IDR 857 million in the year ended December 31, 2018. Transaction is subject to approval of the Indonesia Financial Services Authority (OJK) and approval of the shareholders of PT Bank Central Asia Tbk in an extraordinary general meeting to be held on June 20, 2019. As of June 20, 2019, the shareholders of PT Bank Central Asia Tbk approved the transaction. The Board of Commissioners of PT Bank Central Asia Tbk and PT Bank Royal Indonesia approved the transaction. Transaction is expected to close immediately after obtaining OJK approval.
PT Royalindo Investa Wijaya TBK is engaged in trading, real estate and services. The trade fields include wholesale trade, other special large trade, large trade in building materials and supplies and large trade in metal for construction materials. The real estate owned or leased real estate and tourism areas, which includes the business of buying, selling, leasing, and operating real estate, both owned and leased, such as apartment buildings, residential buildings, and non-residential buildings, such as exhibitions, private storage facilities, malls, shopping centers and others and the provision of houses and flats either in monthly or annual rent. The services include management consulting activities and holding company activities. The management consulting activities include provisions for advice, business guidance and operational and other organizational and management issues. It also provides real estate-based on services or contracts, including services related to real estate.
PT Bank Central Asia Tbk and PT BCA Finance signed an agreement to acquire PT Bank Royal Indonesia from Leslie Soemedi, Ibrahim Sumedi, Herman Soemedi, Nevin Soemedi, PT Royalindo Investa Wijaya, and Ko, Sugiarto for IDR 1 trillion.
PT ROYALINDO INVESTA WIJAYA TBK 
