Bira denies share sales

Bira denies share sales

JAKARTA (JP): Publicly listed Bank Bira denied reports
yesterday that General Electric Capital purchased bank shares.

The bank said in a statement that the report was inaccurate.

"At this time, the bank is still in discussion with several
parties. When an agreement is reached it will be announced
promptly," the bank's statement said.

According to media reports, the U.S.-based GE Capital bought
10 percent of Bank Bira's shares.

The reports said that three U.S. investors, including GE
Capital were negotiating with Bank Bira to buy the bank's
shares. (04)