Bakrie sells 6.8m shares

Bakrie sells 6.8m shares

JAKARTA (JP): Hanil Leasing Company Ltd. of South Korea has
acquired 4.25 million shares of PT Bakrie Finance Corporation
(BFC) and the Manila-based Asian Development Bank (ADB) another
2.55 million shares.

A spokesman for Bakrie Finance said here yesterday that the
transactions for the share acquisition were made last Friday at
the Jakarta Stock Exchange under the coordination of PT Bakrie
Nusantara Corporation.

After the acquisition, Bakrie Finance is now owned by Bakrie
Nusantara Corporation (holding 15.84 million shares), Hanil (4.25
million), ADB (2.55 million), PT Metropolitan Development (1.80
million), PT Mitra Interjasa Corpora (1.07 million) and the
investing public (1.48 million), he said.

The spokesman also said that Bakrie Finance acquired the 100
percent stake of PT Bakrie Nusantara Multi-Finance Company last
Friday.(fhp)