PT Bank Internasional Indonesia, Tbk (BII) announced that Fullerton Financial Holdings Pte. Ltd. (FFH), as the majority shareholder of BII, has informed its decision to select the option of a sale of its interest in BII in line with the Single Presence Policy. FFH expects to complete the sale before the regulatory deadline of end December 2010.
The decision is in line with the Ownership Structure Adjustment Plan that was submitted by FFH to the Central Bank in December 2007. After evaluating both options as stated in the Ownership Structure Adjustment Plan, FFH has selected the option to sell its investment in BII.
We compare the price of BII whe The State Assets Management Corporation (PPA) and Indonesian Bank Restructuring Agency sold the shares.
PPA has sold 5.22% stakes in BII at the price of IDR205 per unit so that the state owned company has raised IDR514.26 billion. IBRA sell 17,43% shares in BII at price IDR90 per unit so that the government has raised Rp749,465 miliar. IBRA get IDR1,998 triliun from strategic sale 51% BII shares and drip sale 2,57% shares at average prica IDR104 that government has raised IDR128,286 billion.
Nothing wrong, because Temaseh Holding success to develop market apetite investor.
Monday, February 25, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment