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A controlling 51 per cent stake Indonesian Shari’ah-compliant lender PT Bank Muamalat is up for sale according to news reports. Investment bank Morgan Stanley is reported to be advising shareholders on the deal.
First round bids have apparently already been received from PT Bank Permata (45 per cent owned by Standard Chartered), Qatar Islamic Bank and Overseas Chinese Banking Corporation (OCBC). Second round bids are due by mid-June……………………………………….Full Article: Source
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Controlling stake in PT Bank Muamalat up for sale
| Posted on 30 May 2011 |
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