PT Bank Woori Indonesia and PT Bank Himpunan Saudara 1906 Tbk (SDRA) have formally announced their merger plan to make a bank with combined asset of Rp15.63 trillion. South Korean Woori Bank will control a majority of 66.66% shares in the bank to be called Bank Woori Saudara Indonesia 1906 (BWSI). Implications for other merger plans, including Danamon-DBS?
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