Bajaj Finance, Cathay Financial weighing CBA Indonesia bids: Reports

Bajaj Finance Ltd. and Cathay Financial Holding Co. are among the firms considering bids for Commonwealth Bank of Australia’s business in Indonesia, people familiar with the matter said.
 

The Indian and Taiwanese companies have had talks with advisers about potential offers for PT Bank Commonwealth, the people said. Other companies in the industry could bid for the business, the people said. A sale could value the business at several hundred million dollars, Bloomberg News has reported.

Considerations are at an early stage, the bidders could decide not to proceed and CBA may choose not to sell the unit, the people said.