JAKARTA. Financial services conglomerate PT MNC Kapital Indonesia aims to acquire PT Bank ICB Bumiputera this year by increasing its stake in the bank to 40 percent, from the current 25 percent. MNC Kapital president director Darma Putra said after a shareholder meeting on Monday that his firm planned to secure around Rp 1.5 trillion (US$129.4 million) in June from rights issues to smooth the way for it to become a major ICB shareholder by securing a 40 percent stake in the bank. Switzerland-based ICB Group Holding currently holds the biggest share in ICB Bumiputera, with a total stake of almost 40 percent, followed by MNC Kapital with 25 percent, Bumiputera, as well as the public.
MNC Kapital to acquire ICB Bumiputera
JAKARTA. Financial services conglomerate PT MNC Kapital Indonesia aims to acquire PT Bank ICB Bumiputera this year by increasing its stake in the bank to 40 percent, from the current 25 percent. MNC Kapital president director Darma Putra said after a shareholder meeting on Monday that his firm planned to secure around Rp 1.5 trillion (US$129.4 million) in June from rights issues to smooth the way for it to become a major ICB shareholder by securing a 40 percent stake in the bank. Switzerland-based ICB Group Holding currently holds the biggest share in ICB Bumiputera, with a total stake of almost 40 percent, followed by MNC Kapital with 25 percent, Bumiputera, as well as the public.