BANKING - Top shareholders looking to sell 51 pct of Indonesia's Muamalat-source

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)

BANKING - Bank Islam gives up on Muamalat

Sources say Bank Islam decided not to bid for a controlling stake in the Indonesian lender because it was looking too pricey.


Kuala Lumpur: Bank Islam Malaysia Bhd (5258) has, after two years, given up its pursuit of Indonesia's oldest Islamic lender PT Bank Muamalat Indonesia. (source)