PT FinAccel Teknologi Indonesia agreed to acquire an additional 32.78% stake in PT Bank Bisnis Internasional, Tbk (IDX:BBSI) from Suriadi family, PT Sun Land Investama and PT Sun Antarnusa Investment for $200 million on April 4, 2022. PT FinAccel Teknologi will own 75% of PT Bank Bisnis and Suriadi family will be retaining a significant minority stake in PT Bank Bisnis. All regulatory approvals for the transaction have been obtained, including from Indonesia's Financial Services Authority.

The transaction is slated for completion at the end of this week. Ernst & Young acted as due diligence provider to FinAccel Pte Ltd. in the deal.