WeLab and Astra Complete the Acquisition of Bank Jasa Jakarta

Plans to Transform the Bank into Indonesia’s Innovative Digital Bank WeLab and Astra now jointly control the bank, with a total share ownership of approximately 99.13% of BJJ All relevant regulatory approvals have been obtained, including from the Financial Services Authority (OJK) of Indonesia This transaction is Southeast Asia’s largest digital bank M&A transaction in 2022 WeLab, a leading pan-Asian fintech platform, today announced the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together...

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