Some investors have submitted their proposal in the tender of 44 percent shares offering from business owner Mu'min Ali Gunawan at PT Bank Panin Tbk. The bidding process was closed yesterday.
The investors here come from Europe, China, India, and Australia that submitted their bid to the UBS Securities as the financial advisor to Mu'min Ali Gunawan.
The investors here come from Europe, China, India, and Australia that submitted their bid to the UBS Securities as the financial advisor to Mu'min Ali Gunawan.
The largest bank from China, ICBC, Australian New Zealend Group is said to join the tender. Some European investors, like Banco Santander SA, Standard Chartered Bank, Bilboa, are possibly to take part in the offering process here. Both comes from Spain in which the finance industry was shaken by non performing credit issues.
Santander has just acquired 24.0 percent shares of Bank of America Corp (BoA), the largest bank business unit in Spain, located in Mexico cost US$2.5 billion in hard cash to support the revenue to the largest Latin American country here.
Meanwhile, ANZ will surely take part in the stock offering tender process of Mu'min Ali Gunawan stocks at Bank Panin following the appointment of Morgan Stanley as the finance advisor for the corporate action here.
Meanwhile, ANZ will surely take part in the stock offering tender process of Mu'min Ali Gunawan stocks at Bank Panin following the appointment of Morgan Stanley as the finance advisor for the corporate action here.
Mu'min through PT Panin Financial Tbk appointed UBS Securities to become financial advisor for the stock selling of the tycoon's ownership. As per end of April, Panin Financial owned 44,68 percent shares at Bank Panin, Votraint No. 1103 PTY Ltd 38.82 percent, and public 16.5 percent.
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