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Hatta says he is 'stepped over' in BTN acquisition case
Coordinating Economic Minister Hatta Rajasa claims that he has never received any report on the planned acquisition of state-lender Bank Tabungan Negara (BTN) by another state-owned lender, Bank Mandiri
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oordinating Economic Minister Hatta Rajasa claims that he has never received any report on the planned acquisition of state-lender Bank Tabungan Negara (BTN) by another state-owned lender, Bank Mandiri.
He said reports on the corporation action should have been sent to his ministry.
'I've not received any report. I should have got the report,' Hatta said at Bank Indonesia headquarters on Monday as quoted by kompas.com.
Hatta said the BTN acquisition plan could be categorized as a privatization. In such privatization, the Coordinating Economic Minister was head of the privatization team's coordination team.
'Before an initial public offering [IPO] takes place, for instance, all aspects, such as financial-related matters, will have to be discussed first,' said Hatta.
He further said there had been no discussion regarding the acquisition plan so his ministry had not scrutinized the plan.
'I will see it later. Based on the ideal mechanism, the State-Owned Enterprises Ministry must coordinate with my ministry. I will ask Pak Dahlan [State-Owned Enterprises Minister Dahlan Iskan] about this issue because I knew this acquisition plan from media,' said Hatta. (ebf)
