Rabobank is a Netherland-based provider of financial services and the first-round of its bids are due by the end of January 2013, with some suitors already working with financial advisers to place indicative proposals.
The bank is selling its subscale and nonstrategic businesses so as to focus its international operations on the agricultural industry and the planned sale of its Indonesian unit is part of that process, Reuters added.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In late 2012, Robobank had sold its majority stake in private Swiss bank Sarasin for US$1.1 billion to the global private banking group Safra.
Further, CBA, ICBC and QNB declined to comment on the matter, while Rabobank did not reply to an email by the publication seeking comment.
Reuters added that the deal would be subject to Indonesia’s new bank ownership rules that cap foreign ownership in domestic banks at 40%, subject to some exemptions from the central bank.
