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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Investment more

Top owners eye 51 pct stake sale in Indonesia’s Bank Muamalat-sources

Posted on 26 May 2011

Top shareholders of Indonesia’s PT Bank Muamalat are looking to sell at least a 51 percent stake in the unlisted Islamic lender, in a deal that may be valued at about $300 million, sources with knowledge of the plans said on Wednesday.
Bank Muamalat confirmed the sale process and said several investors have conducted due diligence to buy the stake. Singapore’s second-biggest lender Oversea-Chinese Banking Corp had looked at the bank in the first round, but is no longer interested, two sources told Reuters……………………………………….Full Article: Source

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