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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bidders pulled out from Bank Muamalat stake sale

Posted on 08 July 2011

Bidders have pulled out of negotiations to buy a stake in Indonesian Shariah lender PT Bank Muamalat, a person familiar with the matter said Thursday. “All bidders are out now. They don’t agree with the terms and conditions, which also include the price,” said the person, who declined to be named.
He didn’t specify the price of the stake, although other people familiar with the situation said the deal could reach around $300 million……………………………………….Full Article: Source

 
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