INPC Bank short-lists two bidders<\/p>\n
Dadan Wijaksana, The Jakarta Post, Jakarta<\/p>\n
Publicly listed Bank Inter-Pacific (INPC) has short-listed two
\nconsortia, namely Trimegah Securities and Chelsea Investments, as
\nthe bidders vying for a controlling stake in the bank.<\/p>\n
INPC president Nandi Hamaki said on Wednesday that Trimegah
\nteamed up with PT Mitra Pinasthika Mustika and PT Bank Artha
\nGraha, while Chelsea investment was partnered with PT Citra Dana
\nAsia.<\/p>\n
The bank is now waiting for Bank Indonesia to conduct a fit
\nand proper test before determining the winning bidder, he told
\ndetik.com.<\/p>\n
\"We reported the list of bidders to the central bank today and
\nnow we just have to wait for the results,\" said Catherine Citra,
\nthe bank's spokesperson.<\/p>\n
The exact timetable for the completion of the divestment
\nprocess is not available.<\/p>\n
State-owned Bank Rakyat Indonesia owns a controlling stake of
\n66.79 percent in INPC, while Bank UFJ Ltd. and Credit Commercial
\nde France, respectively owns 20.18 percent of shares and 12.14
\npercent of shares. Public investors own the remaining 0.9 percent
\nof shares.<\/p>\n
The first three investors plan to sell their shares in the
\nbank.<\/p>\n
The bank's minority shareholders are expected to give their
\napproval for the planned divestment program at the upcoming
\nextraordinary shareholders meeting on May 14.<\/p>",
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