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Jakarta Post
The Jakarta Post
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Japanese firm set to acquire 25 percent of BNI Securities

  • Esther Samboh

    The Jakarta Post

Jakarta | Thu, April 28 2011 | 08:00 am

PREMIUM SBI Securities, a unit of Japanese investment firm SBI Holdings, has agreed to acquire a 25 percent stake in PT BNI Securities for Rp 114 billion (US$16.70 million), parent company Bank Negara Indonesia (BNI) announced Wednesday.

BNI president director Gatot M. Suwondo said that the Japanese company would acquire the 25 percent stake in BNI Securities through the purchase of new shares to b...