Logo of Phnom Penh Post newspaper Phnom Penh Post - Jardines deal by end Feb

Jardines deal by end Feb

Jardines deal by end Feb

HONG Kong-based firm Jardines Matheson will complete the purchase of a 12.25 percent stake in Cambodia’s ACLEDA Bank by the end of next month, Prom Visoth, the bank’s senior vice president and head of the legal and corporate affairs division, said Wednesday. “About 80 percent of the bank’s internal paperwork and purchase papers have been completed so far,” he said. “We think that it will be in February – the latest by which we will complete the … deal.” ACLEDA and Jardines announced in December that the latter would by the stake from Dutch development bank FMO for an undisclosed sum.

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