Govt to sell 8% of BRI stakes

Sat, 01 Oct 2005 | Source: AP

JAKARTA: The government plans to sell as much as 8 percent of PT Bank Rakyat Indonesia, the country's fourth-largest lender by assets, aiming to raise funds to plug the budget deficit.

"We want to retain a 51 percent ownership in the lender," State Minister of State Enterprises Sugiharto told reporters in his office in Jakarta on Friday. PT Danareksa has been appointed the adviser for the sale, Sugiharto said. -- Bloomberg

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