BRI may sell 30% shares

BRI may sell 30% shares

JAKARTA: The divestment of Bank Rakyat Indonesia's (BRI) shares
might reach 30 percent of its total shares, Office of the State
Minister for State Enterprises restructuring and privatization
deputy head Mahmudin Yassin said.

"We might offer 30 percent of BRI's shares to the public, like
we did with Bank Mandiri's offering," he was quoted by detik.com
as saying Wednesday. "However, we haven't officially decided the
precise portion."

BRI's initial public offering (IPO) will be carried out after
Bank Mandiri's IPO, which began Wednesday.

"The government plans to announce the underwriter of BRI's
offering next week," he said. --JP