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Tuesday, January 22, 2008

BNI sells its stake in Finconesia bank

Jakarta (ANTARA News) - State-owned Bank BNI has sold all its 5,035,095 shares in privately-run Bank Finconesia to PT Dian Intan Perkasa for Rp127.122 billion.

The shares accounting for 48.51 percent of Bank Finconesia`s total shares were sold at Rp25.247 each, Bank BNI Corporate Secretary Elvin G. Masassya said in a report to the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) on Tuesday.

The two banks signed an agreement for the share purchase on December 29 last year.

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