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Theindonesiatoday.com - Chairul Tanjung, owner of Trans Corporation/TransCorp), member of Para Group, has reportedly withdrawn from betting on acquiring PT Bank Muamalat Tbk, Detikfinance.com reported.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

INDONESIA - BANKING - Eight investors lining up for Bank Muamalat

REPUBLIKA.CO.ID, JAKARTA - Three investors have expressed its seriousness to Bank Indonesia to buy Bank Muamalat. Until now recorded eight investors who target a pioneer Islamic bank in his homeland.
Director of the Directorate of Islamic Banking, Mulya Siregar, said there are three local investors and foreign investors who are interested in five woo Muamalat. Three local investors that is Saratoga's Sandiaga Uno, The Group, led Chairul Tanjung, and Bank Mandiri. Meanwhile, five foreign investors is the Qatar Islamic Bank, OCBC Overseas, Standard Chartered, Bearing Bank, and Overseas Chinese Banking. "But until now the Muamalat has not dropped the option," he said on Wednesday (13 / 7). (source - google translate)

INDONESIA - BANKING - Chairul Tanjung and Sandiaga Uno Bet on Bank Muamalat

Theindonesiatoday.com - Two businessmen Chairul Tanjung and Sandiaga Uno are betting on acquiring PT Bank Muamalat Tbk. Also competing are PT Bank Mandiri Tbk (BMRI) and five foreign banks, Detikfinance.com reported.

Chairul Tanjung will bid Bank Muamalat through Para Group while Sandiaga Uno uses his investment arm PT Saratoga Investment Sedaya.

Mulya Siregar, director of syariah banking directorate, said those among five foreign banks interested to acquire Bank Muamalat are Qatar Islamic Bank, OCBC, Standard Chartered and ING Barings Bank. (source)

INDONESIA - BANKING - 8 investors express interest in Bank Muamalat shares

At least eight investors, including five foreign ones, have expressed their interest in purchasing 50 percent shares of Bank Muamalat, a major sharia bank in Indonesia.

Bank Indonesia deputy director for sharia banking Mulya Siregar said the interested investors included local-based Para Group, which belongs to business tycoon Chairul Tanjung; Saratoga Investama Sedaya, headed by noted businessman Sandiaga Uno; and the country's largest lender by assets, Bank Mandiri. (source)