Maybank Indonesia aborts sale of WOM Finance

JAKARTA (TheInsiderStories) – PT Bank Maybank Indonesia Tbk (IDX: BNII), has aborted the sale of a 68.55 percent equity interest in consumer financing firm PT Wahana Ottomitra Multiartha Tbk (IDX: WOMF). The share sale aborted after certain conditions precedent to the share purchase agreement, which were scheduled to be satisfied by April 30, were not met.consumer financing firm. Malaysian Bank Bhd said in an announcement to Bursa Malaysia, that the stake was valued at Rp673.77 billion. The proposed disposal was terminated as of May 3. With the termination, WOM Finance will continue to be a subsidiary of the bank.