Monday, June 18, 2007

BII to Increase Ownership at WOM Finance

PT Bank International Indonesia (BII) Tbk has planned to increase its stake at PT Wahana Ottomitra Multiartha (WOM) Finance more than 50% this year.

In 2005 BII acquired 43% shares of WOM Finance at IDR400 billion. The rest stakes belong to International Finance Corporation (IFC, 19%), DBS Nominees Ltd (5%) and public (33%).

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