May 25 (Reuters) - Top shareholders of unlisted Indonesian Islamic lender PT Bank Muamalat are looking to sell at least 51 percent stake in the bank, a source with direct knowledge of the deal told Reuters.
Singapore's second-biggest lender Oversea-Chinese Banking Corp had looked at the bank in the first round, but are no longer interested, two sources familiar with the matter said. (full story - reuters)
Morgan Stanley is advising the shareholders on the sale, sources said, adding second-round bids are due in June.
Indonesia's Muamalat and Morgan Stanley were not immediately available to comment. An OCBC spokesmwoman declined to comment.
Bloomberg, which first reported the sale plan, said PT Bank Permata, a unit of Standard Chartered , Qatar Islamic Bank and OCBC were among bidders. The deal may value the bank at $600 million, it reported. (Reporting by Harry Suhartono, Saeed Azhar and Denny Thomas in HONG KONG; Editing by Lincoln Feast)
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