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Government to sell shares in Bank Bukopin
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Personal touch: A teller serves a customer at the sharia lender Bank Syariah Bukopin's head office. (JP/Dera Menra Sijabat)
T
he government plans to sell its entire 11.43 percent share in publicly listed lender Bank Bukopin through a rights issue planned for June or July, this year.
The State-owned Enterprises Ministry's deputy for business restructuration and development, Aloysius Kiik Ro, however, said on Wednesday that the release of the minority shares would be dependent on the market price.
“We will sell the shares if the market price is reasonable,” said Aloysius, as reported by kontan.co.id.
Previously, a number of potential investors like Kookmin Bank of South Korea and CVC Capital Partners were reportedly interested in taking part in the rights issue process.
Meanwhile, Bosowa Corporindo, a majority holder of Bank Bukopin's shares, said in the prospectus issued on April 7 that it would execute its rights to buy the government’s shares during the rights issue process.
Bank Bukopin president director Eko Rachmansyah Gindo said the bank had implemented the first filing to the Financial Service Authority (OJK).
“We will continue with the process, including the clarification and submission of other required data,” Eko said, adding that potential investors had entered into the due diligence process and could become standby buyers in the rights issue process.
The majority of Bank Bukopin’s shares are owned by the public (40.48 percent), followed by PT Bosowa Corporindo (30 percent), Kopelindo (18.09 percent) and the government (11.43 percent.) (bbn)
