Aug 13, 2010

GoI grabs Rp1.37 trio from BNI sale

The government of Indonesia (GoI) today reports that it remains a single controlling share holder after that after private placement of 473.89 million shares in publicly listed PT Bank Negara Indonesia Tbk (BNI) held yesterday.
In a press statement submitted to Indonesia Stock Exchange (IDX) today, the GoI now controls 73.26% stakes in BNI, a slight decrease from previously of 76.36% stakes.
Following the shares sale, public share holders now hold 26.74% stakes in BNI, 3.1% higher than previously.
State-Owned Minister Mustafa Abubakar yesterday announced BNI's placement had been closed at Rp2,900 per share, 3.33% discount from Wednesday's closing price. Demand reached 3,93 times of BNI's shares sale.
GoI also grabbed Rp1.37 trillion in cash from the shares placement. Three affiliated local houses PT Danareksa Sekuritas, PT Bahana Securities, and PT Mandiri Sekuritas were lead underwriter, while Macquarie Securities acted as international placement agent.

Disclosure: No position at the stock mentioned above. 

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