UPDATE 1-Japan's SMFG most serious bidder for Indonesia's Bank Permata stake -regulator [Reuters]
PT ASTRA INTL IDR U/ADR (PTAIY)
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Source: Reuters
UPDATE 1-Japan's SMFG most serious bidder for Indonesia's Bank Permata stake -regulator (Adds details) JAKARTA, Nov 29 (Reuters) - Japan’s SMFG is the most serious bidder competing for a stake in Indonesia’s PT Bank Permata , Slamet Edy Purnomo, a deputy commissioner at Indonesia Financial Service Regulator (OJK), said on Friday. Just two bidders are now vying for the stake in the mid-sized lender which is controlled by Standard Chartered and PT Astra International, who each own a 45% stake, Purnomo told reporters. “Permata is finalising (the bidding process). It now depends on the shareholders to choose,” he said, adding that Sumitomo Mitsui Banking Corp (SMBC), an arm of Japan’s Sumitomo Mitsui Financial Group (SMFG), was the most serious bidder. Purnomo did not give details of the other bidder. Takeover interest in Permata gained ground this year after StanChart said in February its investment in the bank was no longer core. Sources have previously said a controlling stake in the b
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