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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Texas Pacific Group to acquire majority shares in BTPN

  • Agustina Wayansari

    The Jakarta Post

Jakarta | Thu, March 13 2008 | 01:34 am

PREMIUM Publicly listed Bank Tabungan Pensiunan Nasional (BTPN) is slated to sell all its non-public shares to a U.S.-based private equity company this week, expecting to raise around US$195 million in proceeds. BTPN president director Paulus Wiranata told reporters Wednesday the sale process for the bank's 71.61 percent stake to Texas Pacific Group's (TPG) local unit Texas Pacific Group Nusantar...