JAKARTA (TheInsiderStories) – After un-clarified, last week, Indonesian Financial Service Agency admitted that British’ Standard Chatered Plc (Stanchard) and publicly listed company, PT Astra International Tbk (IDX: ASII), to release their ownerships in PT Bank Permata Tbk (IDX: BNLI). In total, both hold 89.2 percent or 12.49 billion shares at the medium lender.
The remaining 3.04 billion shares or 10.88 percent are still owned by public. Last February, Stanchard said that investment in Bank Permata was not a priority for the company and gave a signal to sell its shares.
The FSA’ chief Heru Kristiyana told TheInsiderStories, that number of investors from various countries like from Japan, Singapore and Thailand and also local investors are interested in buying Bank Permata. He mind to explain further about the plan.
As reported, Singapore’ DBS Group Holdings Ltd., was considering joining the race to acquire Bank Permata’ shares. It was reported, DBS is working with an advisor on the possibility of bidding for the bank shares, which has a market value of about US$2.4 billion.
Such a move would pit DBS against both its Singaporean competitor Oversea-Chinese Banking Corp. (OCBC) and Tokyo-based Sumitomo Mitsui Corporation Bank (SMCB), which are also interested in acquiring the Indonesian bank.
If SMCB successfully acquires Bank Permata, then the Japan’ lender has the potential to merge the bank with a local bank that has already been acquired, namely PT Bank Tabungan Pensiunan Nasional Tbk (IDX: BTPN). If Bank Permata merge with BTPN, then the merged bank has the potential to become a Book IV category with core capital of over Rp30 trillion ($2.14 billion).
Beside the foreign bank, state-owned lender, PT Bank Mandiri Tbk (IDX: BMRI) had been rumored interested to acquire Bank Permata. However, this was canceled because there was no agreement on the selling price between the two controlling shareholders.
In addition to Bank Mandiri, two Japanese financial institutions are also reportedly interested in acquiring Bank Permata. The two institutions are Mizuho Financial Group and Sumitomo Mitsui Financial Group.
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