M&A Deal Summary

HSBC Holding Acquires PT Bank Ekonomi Rahardja

On October 21, 2008, HSBC Holding acquired financial services company PT Bank Ekonomi Rahardja for 608M USD

Acquisition Highlights
  • This is HSBC Holding’s 5th transaction in the Financial Services sector.
  • This is HSBC Holding’s 4th largest (disclosed) transaction.
  • This is HSBC Holding’s 1st transaction in Indonesia.

M&A Deal Summary

Date 2008-10-21
Target PT Bank Ekonomi Rahardja
Sector Financial Services
Buyer(s) HSBC Holding
Deal Type Add-on Acquisition
Deal Value 608M USD

Target

PT Bank Ekonomi Rahardja

Jakarta, Indonesia
Bank Ekonomi is an Indonesia provider of SME banking services. The Company was formed in 1989 and is based in Jakarta.

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Buyer(S) 1

Buyer

HSBC Holding

London, United Kingdom

Category Company
Founded 1865
Sector Financial Services
Employees211,940
Revenue 67.4B USD (2024)
DESCRIPTION

HSBC is a global banking and financial services company. HSBC was founded in 1865 and is based in London, England.


DEAL STATS #
Overall 5 of 8
Sector: Financial Services M&A 5 of 6
Type: Add-on Acquisition M&A Deals 5 of 6
Country: Indonesia M&A 1 of 1
Year: 2008 M&A 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-17 IL&FS Investsmart

Mumbai, India

IL&FS Investsmart offers a comprehensive range of value-added products and services backed by a professional service orientation for retail and corporate customers. The business activities undertaken include (i) Securities Broking; (ii) Investment Advisory; (iii) Distribution of financial products; and (iv) Securities-related financing (NBFC).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 HSBC Actuaries and Consultants

London, United Kingdom

HACL is a highly respected participant in the UK Employee Benefits market place, with both a strong business in its own right and an excellent relationship with the bank and its clients that we are confident will continue.

Sell £27M