Feb 17, 2011

Bukopin to buy Tugu Kresna?

PT Bank Bukopin Tbk (BBKP) is ready to acquire PT Tugu Kresna Pratama following Tugu Kresna’s strengthening capital plan to be Rp150 billion in this year.
President Director of Tugu Kresna Pratama Yasril Y. Rasyid said that capital injection from strategic partner, a bank which has no insurance business, hopefully can be realized this year.
“There is a bank which has a desire to become investor and strategic partner. We hope the plan can be soon realized to increase our capital to reach Rp150 billion, yesterday.
An executive who is close to this plan, as quoted by Bisnis Indonesia, said that prospective investor of Tugu Kresna is Bank Bukopin. “Bank Bukopin will become strategic partner of Tugu Kresna. Now, it is still under coordinating process.
When being confirmed, Finance Director of PT Bank Bukopin Tbk Tri Joko Prihanto did not answer the question about the plan to require Tugu Kresna.
Bank Bukopin has already held rights issue and successfully secured Rp1.06 trillion, thus it jacked up the capital adequacy ratio (CAR) of company.

Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: