Goldman Eyes Indonesian Brokerage

Goldman Sachs Groupis looking to acquire Indonesian brokerageTiga Pilar Sekuritas,The Wall Street Journalreports. The purchase will enable the U.S. bank to obtain a brokerage license in Indonesia, which it currently does not have.

Goldman intends to complete the acquisition before the end of 2011, addsReuters. It has completed due diligence for Tiga Pilar and both firms are now discussing the deal’s structure as well as valuation.

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