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

Standard Chartered affiliate, OCBC said to bid for Bank Muamalat Indonesia

Posted on 26 May 2011

A Standard Chartered Plc (STAN) affiliate, Qatar Islamic Bank SAQ and Oversea-Chinese Banking Corp. are among bidders for a controlling stake in PT Bank Muamalat Indonesia, the country’s oldest Islamic bank, people with knowledge of the matter said.
Shareholders of privately held Bank Muamalat plan to sell more than 50 percent of the lender in a deal that may value it at as much as $600 million, one of the people said, declining to be identified because the talks are private……………………………………….Full Article: Source

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