BNI or BRI to acquire BTN ?

Government planned to instruct BNI or BRI to acquire BTN.

State Minister for State Enterprises Sofyan A. Djalil inserted the State Ministry for State Enterprises was preparing a plan for BNI or BRI to Acquire BTN. As a result, BTN's plan to conduct IPO next year might be cancelled.

President Director of BNI Sigit Pramono disclosed the acquisition would be left to the shareholder, in this case the government, to decide. "BNI will be ready to acquire BTN because we once submitted our detailed plan on the acquisition two years ago."

He reminded the government's well-intentioned plan should not be ruined by emotional and short term interest-laden polemic.

Meanwhile, BRI still has IDR400 billion funds to expand business. BRI previously allocated IDR1 trillion to make acquisition and expand business.