www.thestar.com.my -KUALA LUMPUR (Reuters): Malaysia's Bank Islam, the country's second
largest sharia bank is still exploring plans for a potential acquisition
of a stake in PT Bank Muamalat in Indonesia, said its group managing director and CEO Johan Abdullah.
"We
are still collecting data and nothing is concrete yet. We like
Indonesia because the market is robust and the infrastructure is readily
available for us to go in there," he told reporters after BIMB's AGM on
Tuesday.
Johan also said BIMB is looking at an option of listing Bank Islam as part of its aim to unlock the value of its assets. (source)
Bank Islam is a 51 percent owned unit of Malaysia's Islamic financial group BIMB Holdings Bhd. Malaysia's Business Times reported in February that Bank Islam was in early talks to buy a stake in PT Bank Muamalat Indonesia.
The
local paper also reported that the oldest Islamic lender might assume
the listing status of its parent company BIMB in a move that will
simplify BIMB's group structure and potentially improve valuations.
Source: http://biz.thestar.com.my/news/story.asp?file=/2012/5/8/business/20120508131728&sec=business - May 8, 2012
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