Listed Security Bank Corp. has secured the approval of the country’s antitrust body to sell its 50-percent stake in one of its subsidiaries.

In a disclosure on Thursday, the lender said the it has received the regulatory approval of the Philippine Competition Commission (PCC) on the sale of 50 percent of SB Finance Co. Inc. (SBF) to Thailand’s Bank of Ayudhya Public Co. Ltd. (Krungsri).

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