JAKARTA (Yosefardi) – Investors collect shares of PT Bank Mandiri Tbk (BMRI) and PT Bank Tabungan Negara (BTN) Tbk (BBTN) this morning along with BMRI’s acquisition report over BTN.
At 9.28 am Jakarta time, BMRI gained 0.5% to Rp9925 while BBTN added 0.38% to Rp1320.
Bank Mandiri is reportedly finalising the acquisition over BTN. BMRI will acquire 60.14% BBTN shares, portion of the government ownership, and put the bank as subsidiary.
The final decision on this acquisition will be made on the extraordinary general meeting (EGM) of shareholders scheduled for May 21, 2014.