Australia & New Zealand Banking Group Ltd has planned to buy PT Bank Internasional Indonesia Tbk (BII) US$ 800 million from Temasek Holding.
Apart from that Malayan Banking Bhd of Malaysia is also interested at BII.
The control of Maybank over BII will compete with Bumiputera Commerce holding over Bank Niaga and Lippo.
Through CIMB Group, Bumiputera controls 63.13% shares of Bank Niaga. Through Khazanah, Bumiputra controls 87.5% shares of Bank Lippo.
Temasek Holding has been controlling BII through Fullerton Financial Holdings Pte Ltd (FFH). FFH controls 55.85% shares of BII through the consortium of Sorak. Consortium Sorak consists of FFR (55%), Kookmin Bank (25%) and others.
Kookmin Bank of Korea is also interested in acquiring BII. Kookmin has got the first opportunity to take over the share as it has 25% shares of consortium that controls BII.
It means that there have been six investors - Maybank, ANZ, Industrial And Commercial Bank of China (ICBC), China Construction Bank (CCB), KookMin Bank and an investor from Dubai - that are interested in acquiring BII.
Monday, March 10, 2008
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