Temasek says Maybank did not take lower BII offer
Posted by Editor on September 27, 2008 at 04:29 PM
Thomson Reuters reports that, “Fullerton Financial Holdings, part of Singapore’s Temasek, said on Saturday it offered an improved deal for the sale of its stake in Bank Internasional Indonesia [BII] but Malaysia’s Maybank did not accept it, another blow to a troubled deal.”
Malaysia's Maybank buys US$1.5 billion stake in BII from Temasek
Posted by Editor on March 26, 2008 at 06:11 AM
Channel NewsAsia reports that, “Malaysia’s largest lender Maybank said Wednesday it had agreed to buy a 55.7 per cent controlling stake of Indonesia’s Bank Internasional Indonesia (BII) for 1.5 billion US dollars. Maybank will acquire the entire stake from a unit [Fullerton Financial Holdings] of Singapore’s Temasek Holdings and South Korea’s Kookmin Bank, the company said in a statement. ”