JAKARTA (Yosefardi) – Indonesian Deposits Insurance Corporation (LPS) is scheduled to announce the preferred bidders for buying PT Bank Mutiara Tbk (BCIC) tomorrow (June 12).
LPS said 10 interested buyers have submitted their preliminary bid, consisting of 6 foreign investors and 4 local investors.
LPS prefers the interested buyers to pay in cash, instead of by installment, and propose the best price.
LPS failed to divest BCIC at minimum price of Rp6.7 trillion, equal to bailout fund disbursed to BCIC in 2008.
PT Bank Rakyat Indonesia Tbk (BBRI) has also submitted its bid and prepare Rp3 trillion fund for buying Bank Mutiara.
Reuters reported Bank of China and Hong Leong Bank from Malaysia have also submitted their bids over Bank Mutiara.