Thursday, July 14, 2011

INDONESIA - BANKING - Chairul Tanjung Withdraws from Betting on Bank Muamalat


Theindonesiatoday.com - Chairul Tanjung, owner of Trans Corporation/TransCorp), member of Para Group, has reportedly withdrawn from betting on acquiring PT Bank Muamalat Tbk, Detikfinance.com reported.

"From the result of due diligence, we consider to have a high risk (for acquiring Bank Muamalat)," he said but declined to comment on whether the price offer is expensive. (source)

"We can not mention what kind of risks because we are bounded from disclosing the result of due diligence. For sure, we have stopped the process of acquiring Bank Muamalat."

Mulya Siregar, director of syariah banking directorate, said 8 investors are interested to buy Bank Muamalat. They are two businessmen Chairul Tanjung and Sandiaga Uno, PT Bank Mandiri Tbk (BMRI), Qatar Islamic Bank, OCBC, Standard Chartered and ING Barings Bank. ( hans@theindonesiatoday.com)

No comments:

Post a Comment