Temasek business group, through Fullerton Financial Holdings Pte Ltd (FFH), appoints Credit Suisse Singapore and Goldman Sachs Singapore to help the divestiture of BII.
Temasek Group plans to sell BII due to the central bank (BI) single presence policy, which will be applied in 2010. Fullerton controls a 68.09% stake in PT Bank Danamon Tbk through Asia Financial consortium. Fullerton also controls Sorak Financial Holdings Pte Ltd, which owns a 55.85% stake in BII.
Tuesday, March 4, 2008
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