Monetary Fiscal
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Plans Acquisition of Bank BRI Agroniaga Meet obstruction
Plan the acquisition of PT Bank Rakyat Indonesia Tbk (BRI) to PT Bank Agroniaga language is still blocked by a third party, the party who helped conduct the negotiations. However, BRI's management of agricultural bank takeover target process can be completed before the third quarter-2010.
This was conveyed by President Director of PT Bank Rakyat Indonesia Tbk Sofyan Basyir when found in his office building BRI II, Jalan Jenderal Sudirman, Jakarta, Tuesday (30/3/2010).
"It continues our negotiations, It depends on external parties. Not sure, if I can finish before the third quarter," he explained.
He added, Agro bank takeover is the realization of expansion in the agricultural sector which was initiated by the company. Especially for agricultural retail, the company will continue to remain focused with a maximum credit disbursed Rp 5 billion.
"That's a maximum of Rp 5 billion. A total of USD 200 million dong retail already," said Finance Director BBRI Sudaryanto Sudargo after the annual public exposure of the company.
Previously the Bank Agroniaga never asserted a due diligence process or has completed the acquisition due diligence conducted by PT Bank Rakyat Indonesia Tbk (BRI). The Company currently mengunggu confirmation from the controlling shareholder of the Fund Retirement Estates (Dapenbun).
According to President Director of Bank Agroniaga Boxed M Arief, plan to seek a strategic investor in Bank Agroniaga it is a controlling shareholder of corporate actions in this case Dapendun. In connection with the acquisition plan, company performance is not expected to be affected.
"But it was likely affect the performance of shares on the Stock Exchange of Agro Bank Indonesia," he said.
He continued, efforts have been made regarding the company's plans, among others, provide an explanation to the relevant parties and still carry out banking activities in accordance with bank business plan has been submitted to Bank Indonesia (BI).
Previously, BRI has set aside Rp 2 trillion for the acquisition of two banks this year. One source of funding obtained by the BRI is through issuance of subordinated bonds that had been held at the end of last year.
Early last month, Bank of SOEs began to conduct due diligence of the bank. Bank management will seek approval to the shareholders in general meeting in May in the extraordinary shareholders (EGM) to run the corporation's action.
This was conveyed by President Director of PT Bank Rakyat Indonesia Tbk Sofyan Basyir when found in his office building BRI II, Jalan Jenderal Sudirman, Jakarta, Tuesday (30/3/2010).
"It continues our negotiations, It depends on external parties. Not sure, if I can finish before the third quarter," he explained.
He added, Agro bank takeover is the realization of expansion in the agricultural sector which was initiated by the company. Especially for agricultural retail, the company will continue to remain focused with a maximum credit disbursed Rp 5 billion.
"That's a maximum of Rp 5 billion. A total of USD 200 million dong retail already," said Finance Director BBRI Sudaryanto Sudargo after the annual public exposure of the company.
Previously the Bank Agroniaga never asserted a due diligence process or has completed the acquisition due diligence conducted by PT Bank Rakyat Indonesia Tbk (BRI). The Company currently mengunggu confirmation from the controlling shareholder of the Fund Retirement Estates (Dapenbun).
According to President Director of Bank Agroniaga Boxed M Arief, plan to seek a strategic investor in Bank Agroniaga it is a controlling shareholder of corporate actions in this case Dapendun. In connection with the acquisition plan, company performance is not expected to be affected.
"But it was likely affect the performance of shares on the Stock Exchange of Agro Bank Indonesia," he said.
He continued, efforts have been made regarding the company's plans, among others, provide an explanation to the relevant parties and still carry out banking activities in accordance with bank business plan has been submitted to Bank Indonesia (BI).
Previously, BRI has set aside Rp 2 trillion for the acquisition of two banks this year. One source of funding obtained by the BRI is through issuance of subordinated bonds that had been held at the end of last year.
Early last month, Bank of SOEs began to conduct due diligence of the bank. Bank management will seek approval to the shareholders in general meeting in May in the extraordinary shareholders (EGM) to run the corporation's action.
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