The company joins snack producer GarudaFood and toilet brand Toto’s local distributor in planning to raise funds in the equity market.
While there have been several offers, the Jakarta-based bank, majority-owned by billionaires Budi Hartono and Michael Hartono, is yet to zero in on one.
Indonesian business tycoon Tahir is keen to gain control of PT Bank Permata, a larger rival to his PT Bank Mayapada International, as he seeks to put his lender in the ranks of the nation’s biggest banks. Tahir’s Mayapada Group wants to buy the 90 percent of Permata that is… Read more »
Indonesian businessman Erick Thohir, whose investments have ranged from newspapers to sports teams in the U.S. and Europe, is now betting on life insurance. A group led by Thohir plans to invest 2 trillion rupiah ($149 million) to gain full ownership of Asuransi Jiwa Bumiputera, a new unit of century-old mutual… Read more »
Indonesia, under pressure to rein in its budget deficit, plans to sell minority stakes in some of the nation’s airports and ports to private investors.
Blue Bird Group is seeking private investment in PT Iron Bird Logistic, with a view to offer shares to the public later on. The company is in talks with potential partners from Japan and Malaysia, and seeks to complete the deal in the second half of this year.