Bank Mega eyes BII shares

Bank Mega eyes BII shares

JAKARTA: Publicly listed Bank Mega is considering buying Bank
Internasional Indonesia (BII) shares, which will be offered by
the government, after it failed to buy Bank Danamon shares
previously, according to its president Chaerul Tanjung.

"We are assessing the opportunity to buy the shares," he said,
as quoted by detik.com, on the sidelines of Bank Mandiri's public
presentation on Wednesday.

He added that although the government would offer Bank Lippo
shares before the BII shares, Bank Mega was not interested in
buying into Bank Lippo. "We think BII's nature as a retail bank
is more like Bank Mega's than that of Bank Lippo's."

However, Bank Mega had not done anything further than
considering the acquisition, as the government's plan to divest
BII was not imminent, he added. --JP