Mar 18, 2011

Bahana in talks to dispose Garuda

Three lead underwriters PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas are holding approximately 13% stake in Indonesian flag carrier PT Garuda Indonesia Tbk (GIAA) after they failed to sell some shares during initial public offering (IPO).
Bahana Securities today has finally admitted that it is in talks with several potential buyers for Garuda. Please login or register to read the remaining story.    

Disclosure: No position at the stock mentioned above.

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