Italy's Compass Banca drops plan to buy stake in Indonesia's BFI Finance

Italy's Compass Banca drops plan to buy stake in Indonesia's BFI Finance

Jakarta, Indonesia. Photo by Azka Rayhansyah on Unsplash

Italy-based consumer lender Compass Banca has terminated an agreement to acquire a 19.9 per cent stake in Indonesia’s credit provider BFI Finance in the wake of COVID-19, according to a press statement.