INDONESIA - BANKING - IDB to postpone selling Muamalat shares

JAKARTA: The Islamic Development Bank (IDB) officially submitted a letter to Bank Indonesia (BI) last week stating that it would postpone selling its shares of PT Bank Muamalat Tbk, a central bank official says.

BI Islamic Banking Directorate director Mulya E. Siregar said Friday that the postponement was due to a disagreement between IDB and potential investors over the stock price. (source)

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Theindonesiatoday.com - Chairul Tanjung, owner of Trans Corporation/TransCorp), member of Para Group, has reportedly withdrawn from betting on acquiring PT Bank Muamalat Tbk, Detikfinance.com reported.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