Indonesia-listed PT Bank Aladin Syariah Tbk (formerly Bank Net Indonesia Syariah Tbk) is in talks with a host of companies to secure a strategic investment, sources privy to the development told DealStreetAsia.
According to the lender’s disclosure on Indonesia Stock Exchange (IDX) on Thursday, the bank is currently exploring options with “some potential strategic partners, one of them being Shopee [owned by Sea Group].”
When contacted, Sea Group denied having held any discussion with the lender. “Neither Shopee nor Sea has held, or is holding, any discussion on a strategic partnership with Bank Aladin,” said the spokesperson.
