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BRIEF-Oversea-chinese Banking Corporation sells two units for S$38 mln
April 11, 2017 / 9:17 AM / in 6 months

BRIEF-Oversea-chinese Banking Corporation sells two units for S$38 mln

April 11 (Reuters) - Oversea-chinese Banking Corporation Limited:

* Sale Of Entire 100% Equity Interests In Two Subsidiary Companies

* Deal for an aggregate cash consideration of S$38 million on a debt-free, cash-free basis

* Upon completion of sale shares, BCS and BCSIS will cease to be subsidiaries of OCBC Bank.

* Entered into a sale and purchase agreement

* Sale of sale shares is not expected to have a material impact on EPS of group for financial year ending 31 Dec 2017

* Deal to sell interests in Banking Computer Services Pvt Ltd and BCS Information Systems to network for electronic transfers Source text for Eikon: Further company coverage:

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