Monday, June 7, 2010

ANZ picks Morgan Stanley as a advisor for acquire Bank Panin

Australia & New Zealand Banking Group Ltd. (ANZ) picks Morgan Stanley to help the grup acquire 44.68% shares of PT Bank Panin Tbk.
Mu'min Ali Gunawan family through PT Panin Financial Tbk appointed UBS Securities as the finance advisor responding to the divestment scheme of the tycoon at PT Bank Panin Tbk.
Mu'min family wants to sell its entire stake in PT Bank Pan Indonesia Tbk. ANZ to be a leading candidate to buy the stake, worth about $1.4 billion.
As of April 2010, PNBN’s shareholder structure consists of PT Panin Financial Tbk. (44.68%), Votraint No. 1103 PTY Ltd (38.82%), and Public (16.50%).
Last year ANZ disbursed US$114 million to increase shares ownership at Bank Panin by 8.4 percent into 38.3 percent.

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