Sep 19, 2011

BCA acquires Dinamika Usaha Jaya

PT Bank Central Asia Tbk (BCA), that is controlled by Djarum's Hartono family, has acquired 75% stake in an affiliated local brokerage PT Dinamika Usaha Jaya worth Rp189 billion.
In an official prospectus published today, BCA has bought and paid the acquisition on September 16 to PT Poly Kapitalindo, an affiliated firm.
Post the acquisition, Dinamika Usaha will be owned by BCA with 75%, Poly Kapitalindo with 15%, and Chandra Adisusanto with 10% stake.
Poly Kapitalindo is owned by PT Kumparan Kencana Electrindo with 99.99% and the remaining is Chandra Adisusanto. Kumparan Kencana is owned by Robert Budi Hartono with 51.01% and Bambang Hartono with 48.99%.
Robert Hartono and Bambang Hartono control BCA through Brolonna Investment Ltd, Alaerka Investment Ltd, and Farindo Investments (Mauritius) Ltd.
 
Disclosure: No position at the stock mentioned above.

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