The SOE Minister has signaled it will reject Bank Mandiri's plan to take over 55.85% shares of Bank Internasional Indonesia (BII).
In the meantime Bank Mandiri is of the opinion that the schedule determined by Temasek Holdings, the present controlling shareholder of BII, is too short.
Previously Bank Indonesia said that Industrial and Commercial Bank of China and China Construction Bank are interested in BII.
Last month Temasek decided to sell the shares of BII to comply with single presence policy of Bank Indonesia. Apart from BII, Temasek also has the controlling shares of PT Bank Danamon Indonesia.
Thursday, March 6, 2008
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