IBRA finalizing Bank Niaga deal: As of 11:55 p.m. Friday night

IBRA finalizing Bank Niaga deal: As of 11:55 p.m. Friday night the Indonesian Bank Restructuring Agency (IBRA) was still finalizing details for an agreement to sell a 51 percent stake in Bank Niaga to Malaysia's Commerce Assets Holding Bhd. IBRA said it would sign a deal either after midnight or later on Saturday afternoon. The agency's spokesman Raymond Van Beekum, said both sides were finalizing the legal wording on the sales and purchase agreement and neither had any explicit intention of delaying the signing. -- JP