Thursday, September 29, 2011

INDONESIA - BANKING - BNI says subsidiaries still up for grabs

Bank Negara Indonesia (BNI) is offering up its subsidiaries to investors, a bank top official says.
“We are looking for investors willing to buy,” BNI director Yap Tjai Soen said Thursday as quoted by kompas.com. (source)


Earlier, BNI released its ownership of BNI Securities, leaving only three subsidiaries under its umbrella, including BNI Life Insurance, BNI Syariah and BNI Multifinance.
Yap said many investors from around Asia and the Middle East were interested in acquiring the subsidiaries, but so far there had been no serious talks.
He added that the bank had not yet decided when it would release its ownerships of the other subsidiaries.

Source : http://www.thejakartapost.com/news/2011/09/29/bni-says-subsidiaries-still-grabs.html  - Sept 29,2011

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