JAKARTA (Yosefardi) – Weston International Capital Ltd, Mauritius-based closed investment company, has expressed its interest to acquire PT Bank Mutiara Tbk (BCIC).
Weston had submitted its bidding proposal, delivered through PT Danareksa Sekuritas to Indonesian Deposits Insurance Corporation (LPS).
LPS has reportedly offered Bank Mutiara at minimum price of Rp6.7 trillion, equal to bailout fund disbursed to Bank Mutiara in 2008.
Bank Mutiara booked profit after tax of Rp18.67 billion in first quarter of 2013, dropped 57% from Rp43.53 billion in the same period of 2012.
Its assets totaled Rp15.39 trillion of which credits amounted Rp11.21 trillion.