Search Results for:Cindy Silviana

Indonesia insurer Bumiputera falls out with ‘white knight’, rescue plan collapses

‘White knight’ Evergreen had been due to acquire a holding company for Bumiputera, which has more liabilities than assets.

Go-Jek mulls Jakarta IPO but no time frame fixed yet

President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn’t been made.

Indonesia likely to see next unicorn emerge from education sector

The country currently has four unicorns – Go-Jek, travel site Traveloka, and market places Bukalapak and Tokopedia.

Japan’s SMFG seeks to merge local unit with Indonesian lender BTPN

The Japanese lender’s CEO said last month the company is keen to raise its stake to a majority in BTPN if Indonesian authorities permit.

Indonesia’s GMF AeroAsia to raise $59m in new share sale

The sale of new shares would be part of its stake sale to a strategic investor, where it planned to sell a 20% stake.

Indonesia’s GMF AeroAsia shortlists Airfrance-KLM unit as strategic investor

GMF AeroAsia expects to raise $200 million from selling a 20% stake to a strategic buyer.

Indonesia lays foundation for transfer of Grasberg copper mine to local control

Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.

Japan’s MUFG hopeful of regulator nod to gain control of PT Bank Danamon

A successful transaction could become the biggest acquisition of an Indonesian firm on record.

Indonesia: Rimau gets shareholders’ nod to raise $252m to buy AirAsia unit

Rimau will sell 13.64 billion new shares and PT Fersindo Nusantara and AirAsia Investment Ltd – the current owner of Indonesia Airasia – are acting as standby buyers.

Indonesia court scraps new ride-hailing tariff rules

The country’s Supreme Court has ruled that tariff ranges imposed by the government last month on online ride-hailing services are illegal.