China Construction Bank Eyes BNI

China Construction Bank (CCB) has expressed it is interested in acquiring 20% or 3.02 billion shares of Bank Negara Indonesia.
At the price of IDR2,050 per unit the transaction value may be IDR6.23 trillion.
My sources said the bank expressed its interest during BNI's non deal road show to Hong Kong.
"The meeting was attended by SOE Minister Sofyan Djalil, the Vice President Director Felia Salim, and the Finance Director Yap Tjay Soen. CCB expressed that it is interested to acquire up to 20% stakes," he said me yesterday.
CCI is interested in minority stake in order to maintain its relationship with its customers in Indonesia. "The alternative is that CCB will get the green shoe stocks of 3.7% plus the ones from the market."
The 3.7% green shoe stocks were the ones issued during the secondary offering.
The SOE Minister is also planning to sell 10% stakes of BNI in block sale.
He added that CCB will meet the officials of SOE Ministry.