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Tuesday, July 03, 2007

BRI to acquire 100 pct stake in Bank Jasa Arta

Jakarta (ANTARA News) - Indonesia's PT Bank Rakyat Indonesia (BRI), the country's fourth largest bank by assets, said it has signed an agreement to acquire a 100 pct stake in PT Bank Jasa Arta.

In a statement to the Jakarta Stock Exchange, BRI was quoted by Thomson Financial as saying the signing of the deal took place last Friday but it gave no financial or other details of the acquisition.

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