Bank Central Asia - 500 Beiträge pro Seite
eröffnet am 19.05.01 15:38:54 von
neuester Beitrag 30.03.02 21:58:25 von
neuester Beitrag 30.03.02 21:58:25 von
Beiträge: 21
ID: 405.786
ID: 405.786
Aufrufe heute: 0
Gesamt: 1.158
Gesamt: 1.158
Aktive User: 0
ISIN: US4609271063 · WKN: 924534
10,780
USD
0,00 %
0,000 USD
Letzter Kurs 11.02.15 Nasdaq
Neuigkeiten
Werte aus der Branche Banken
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 4,0000 | +49,25 | |
| 124,06 | +24,36 | |
| 1,9000 | +22,46 | |
| 55,00 | +19,57 | |
| 10,000 | +14,29 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,9100 | -9,90 | |
| 9,8100 | -10,08 | |
| 10,250 | -10,09 | |
| 6,4035 | -11,04 | |
| 120,00 | -25,00 |
Feedback
Das kann doch nicht der Grund sein, dass diese noch vollständig im Besitz der IBRA befindliche Aktie sich in den letzten Wochen halbiert hat !?
Tuesday, May 15 8:55 AM SGT
INDONESIA PRESS: Chinatrust Bk Major Candidate For BCA
JAKARTA (Dow Jones)--Chinatrust Bank of Taiwan (Q.CHK) is touted to be the strongest candidate to buy the government`s stake in PT Bank Central Asia (P.PCA), Bisnis Indonesia quoted an unnamed investment banker as saying.
Newspaper website:http//www.bisnis.com
Tuesday, May 15 8:55 AM SGT
INDONESIA PRESS: Chinatrust Bk Major Candidate For BCA
JAKARTA (Dow Jones)--Chinatrust Bank of Taiwan (Q.CHK) is touted to be the strongest candidate to buy the government`s stake in PT Bank Central Asia (P.PCA), Bisnis Indonesia quoted an unnamed investment banker as saying.
Newspaper website:http//www.bisnis.com
Jetzt wird es spannend !
Drin bleiben bzw. einsteigen, was meint Ihr ?
Bapepam focuses BCA inquiry on 14 investors, 15 brokerages
JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has narrowed its investigation down to 14 stock investors and 15 securities firms, from a total of 172 securities firms examined, in relation to the suspected manipulation of PT Bank Central Asia (BCA) share prices.
Bapepam chairman Herwidayatmo said on Friday that his office and a team from the Jakarta Stock Exchange (JSX) had concluded the first stage of the investigation regarding the alleged manipulation of BCA share prices.
During the first stage, he said, Bapepam had investigated 20 securities firms and collected trading data from another 152.
"We believe the share price manipulation was conducted by 14 investors and 15 securities firms," he said during a media conference.
He said the 14 investors included local, foreign, retail and institutional investors.
Herwidayatmo declined to reveal the investors` identities or the names of the 15 securities firms.
"As yet we can`t tell whether investors and securities firms collaborated, or whether the latter had simply been a tool for the investors," he later told The Jakarta Post.
Last month, the agency indicated that the price of BCA shares had been manipulated to a certain price level.
The findings were based on analysis of BCA share-trading patterns conducted by 172 securities firms during the trading period from May to mid-July.
Between May 15 and June 12, several securities companies had dominated the purchase of BCA shares, causing its price to surge.
But from June 13 until June 29, the same securities companies dominated the selling of BCA shares, leading the market into panic-selling that drove down the price of the shares.
Investors manipulating BCA share prices would benefit from the capital gain achieved from buying cheap and selling high.
Those guilty of manipulating share prices in the stock market face penalties of up to Rp 15 billion (about US$1.57 million) and jail terms of up to 10 years under Article 91 of Law No 8/1995 on the capital market.
BCA stock trading has been shrouded in controversy since the bank concluded its secondary public offering last month.
As part of a deal with the International Monetary Fund (IMF), the government must divest a 40 percent stake in the nationalized BCA.
The first 10 percent of that divestment plan, which followed an initial public offering last year, was sold through the secondary public offering that ran from July 4 to July 6, 2001.
Another 30 percent is to be offered through private placement to local or foreign strategic partners.
Next to fabricating capital gains, market manipulation of BCA shares is also believed to have advantaged bidders of the 30 percent stake.
The Indonesian Bank Restructuring Agency (IBRA), which is in charge of the sale, has said it wanted bidders to submit offers at the premium level of BCA`s share price on the stock market.
Trading data shows that the suspected securities firms started to sell BCA shares at the same time IBRA was scheduled to announce final bidders for the 30 percent stake.
IBRA should have made the announcement on June 29 at the latest, the same date that the panic-selling, driving BCA share prices down, ended.
Instead, the agency said it needed more time to negotiate a better deal with the bidders.
Analysts suspected that the postponement was due to the drop in BCA`s share price. So far, IBRA has yet to announce the bidders.
IBRA chairman I Putu Ary Suta said he was awaiting appointment of the new finance minister before making any announcement.
"I will report to the new finance minister one or two days after his appointment," he said.
Bapepam also investigated charges of insider trading in BCA shares prior to the bank`s secondary public offering.
Investors who knew of the Rp 900 share price for the secondary offering well in advance could again formulate a capital gain.
Bapepam, however, dismissed the suspicion of insider trading.
It said that BCA`s prospectus had ensured that every investor traded on equal information.
When asked whether the price of BCA`s shares was included in the prospectus, however, Herwidayatmo said that it was not.
"IBRA announced the price of BCA shares being offered, just a few days before the secondary offering," he said. (bkm)
Drin bleiben bzw. einsteigen, was meint Ihr ?
Bapepam focuses BCA inquiry on 14 investors, 15 brokerages
JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has narrowed its investigation down to 14 stock investors and 15 securities firms, from a total of 172 securities firms examined, in relation to the suspected manipulation of PT Bank Central Asia (BCA) share prices.
Bapepam chairman Herwidayatmo said on Friday that his office and a team from the Jakarta Stock Exchange (JSX) had concluded the first stage of the investigation regarding the alleged manipulation of BCA share prices.
During the first stage, he said, Bapepam had investigated 20 securities firms and collected trading data from another 152.
"We believe the share price manipulation was conducted by 14 investors and 15 securities firms," he said during a media conference.
He said the 14 investors included local, foreign, retail and institutional investors.
Herwidayatmo declined to reveal the investors` identities or the names of the 15 securities firms.
"As yet we can`t tell whether investors and securities firms collaborated, or whether the latter had simply been a tool for the investors," he later told The Jakarta Post.
Last month, the agency indicated that the price of BCA shares had been manipulated to a certain price level.
The findings were based on analysis of BCA share-trading patterns conducted by 172 securities firms during the trading period from May to mid-July.
Between May 15 and June 12, several securities companies had dominated the purchase of BCA shares, causing its price to surge.
But from June 13 until June 29, the same securities companies dominated the selling of BCA shares, leading the market into panic-selling that drove down the price of the shares.
Investors manipulating BCA share prices would benefit from the capital gain achieved from buying cheap and selling high.
Those guilty of manipulating share prices in the stock market face penalties of up to Rp 15 billion (about US$1.57 million) and jail terms of up to 10 years under Article 91 of Law No 8/1995 on the capital market.
BCA stock trading has been shrouded in controversy since the bank concluded its secondary public offering last month.
As part of a deal with the International Monetary Fund (IMF), the government must divest a 40 percent stake in the nationalized BCA.
The first 10 percent of that divestment plan, which followed an initial public offering last year, was sold through the secondary public offering that ran from July 4 to July 6, 2001.
Another 30 percent is to be offered through private placement to local or foreign strategic partners.
Next to fabricating capital gains, market manipulation of BCA shares is also believed to have advantaged bidders of the 30 percent stake.
The Indonesian Bank Restructuring Agency (IBRA), which is in charge of the sale, has said it wanted bidders to submit offers at the premium level of BCA`s share price on the stock market.
Trading data shows that the suspected securities firms started to sell BCA shares at the same time IBRA was scheduled to announce final bidders for the 30 percent stake.
IBRA should have made the announcement on June 29 at the latest, the same date that the panic-selling, driving BCA share prices down, ended.
Instead, the agency said it needed more time to negotiate a better deal with the bidders.
Analysts suspected that the postponement was due to the drop in BCA`s share price. So far, IBRA has yet to announce the bidders.
IBRA chairman I Putu Ary Suta said he was awaiting appointment of the new finance minister before making any announcement.
"I will report to the new finance minister one or two days after his appointment," he said.
Bapepam also investigated charges of insider trading in BCA shares prior to the bank`s secondary public offering.
Investors who knew of the Rp 900 share price for the secondary offering well in advance could again formulate a capital gain.
Bapepam, however, dismissed the suspicion of insider trading.
It said that BCA`s prospectus had ensured that every investor traded on equal information.
When asked whether the price of BCA`s shares was included in the prospectus, however, Herwidayatmo said that it was not.
"IBRA announced the price of BCA shares being offered, just a few days before the secondary offering," he said. (bkm)
Es geht wieder aufwärts !
Steht seit gestern wieder auch 16 Cent.
Plan to swap Sinar Mas debt with govt bonds approved
JAKARTA (JP): The House of Representatives approved on Thursday the government`s plan to issue bonds to allow the Sinar Mas Group`s huge debts to Bank Internasional Indonesia (BII) to be transferred to the Indonesian Bank Restructuring Agency (IBRA).
The decision was taken by House Commission IX on the state budget and finance after a vote as legislators had failed to reach a unanimous agreement on whether to bail out BII at an earlier closed-door meeting late on Wednesday.
Under the plan, IBRA will take over Sinar Mas debts to BII worth US$1.059 billion plus Rp 1.8 trillion, and in return the government agency will inject the ailing bank with so-called "recycle bonds".
Later, the government will replace the recycle bonds with hedged bonds which are to carry a lower interest rate, namely the Singapore interbank offering rate (SIBOR) plus two percent compared to the current 12.5 percent on government bank bonds, so as to help ease the burden on the state budget. The hedged bonds will be equivalent in value to the Sinar Mas dollar-based debt in BII.
The transfer of Sinar Mas debt to IBRA is necessary in order to bail out and protect BII. The government argues that the conglomerate`s difficulties in repaying its $12 billion debt to foreign creditors could do serious damage to BII.
BII was founded by Sinar Mas, which was the country`s second largest business group prior to the 1997 financial crisis.
In return, Sinar Mas founding shareholders must pledge assets worth 145 percent of the group`s total debt to BII.
Legislators have expressed concerns, however, that the government might be unable to sell the assets when required as Sinar Mas might have also pledged the assets to its international bondholders as collateral.
There have also been worries that the government might have to face law suits from Sinar Mas international bondholders if it moved to acquire assets already pledged to the creditors.
These concerns have resulted in some legislators disagreeing with the bailout plan.
"Who can guarantee that the assets have not been put up as collateral for other loans," legislator Aberson Sihaloho asked Minister of Finance Boediono during a hearing on Wednesday.
Legislators have also asked the government to secure a personal guarantee from Sinar Mas shareholders, including aging founder Eka Tjipta Widjaja, so as to protect the interests of the state.
"The government seems to be reluctant to ask for Eka Tjipta Widjaja`s personal guarantee, but we insisted," said legislator Syamsul Balda of the Reform Faction.
"If Eka Tjipta Djaja is not cooperative, the government should take legal action and impose a travel ban if necessary," he said.
Meanwhile, IBRA Chairman I Putu Ary Suta said that the agency would conduct financial and legal audits on the assets pledged by Sinar Mas.
BCA
Meanwhile, Commission IX legislators decided to once again delay making a decision on whether to approve the government`s plan to divest a 51 percent stake in Bank Central Asia (BCA) this year.
"The deliberation of the BCA divestment plan has been postponed until Monday," legislator Paskah Suzetta said without elaborating.
The legislators were initially expected to reach a decision last Monday.
The BCA divestment plan is part of the government`s latest agreement with the International Monetary Fund to allow the later to disburse the latest $400 million tranche of its lending program to the country.
BCA was previously owned by the giant Salim Group, which had to surrender the bank to the government after it violated banking rulings by channeling funds to affiliated Salim firms in excess of prudential limits.
There has been speculation that the Salim family was trying to block the planned sale as it was still very interested in buying back the bank. At the moment, legislators are still against any move by Salim to buy back BCA or other assets already pledged to the government.(03)
Steht seit gestern wieder auch 16 Cent.
Plan to swap Sinar Mas debt with govt bonds approved
JAKARTA (JP): The House of Representatives approved on Thursday the government`s plan to issue bonds to allow the Sinar Mas Group`s huge debts to Bank Internasional Indonesia (BII) to be transferred to the Indonesian Bank Restructuring Agency (IBRA).
The decision was taken by House Commission IX on the state budget and finance after a vote as legislators had failed to reach a unanimous agreement on whether to bail out BII at an earlier closed-door meeting late on Wednesday.
Under the plan, IBRA will take over Sinar Mas debts to BII worth US$1.059 billion plus Rp 1.8 trillion, and in return the government agency will inject the ailing bank with so-called "recycle bonds".
Later, the government will replace the recycle bonds with hedged bonds which are to carry a lower interest rate, namely the Singapore interbank offering rate (SIBOR) plus two percent compared to the current 12.5 percent on government bank bonds, so as to help ease the burden on the state budget. The hedged bonds will be equivalent in value to the Sinar Mas dollar-based debt in BII.
The transfer of Sinar Mas debt to IBRA is necessary in order to bail out and protect BII. The government argues that the conglomerate`s difficulties in repaying its $12 billion debt to foreign creditors could do serious damage to BII.
BII was founded by Sinar Mas, which was the country`s second largest business group prior to the 1997 financial crisis.
In return, Sinar Mas founding shareholders must pledge assets worth 145 percent of the group`s total debt to BII.
Legislators have expressed concerns, however, that the government might be unable to sell the assets when required as Sinar Mas might have also pledged the assets to its international bondholders as collateral.
There have also been worries that the government might have to face law suits from Sinar Mas international bondholders if it moved to acquire assets already pledged to the creditors.
These concerns have resulted in some legislators disagreeing with the bailout plan.
"Who can guarantee that the assets have not been put up as collateral for other loans," legislator Aberson Sihaloho asked Minister of Finance Boediono during a hearing on Wednesday.
Legislators have also asked the government to secure a personal guarantee from Sinar Mas shareholders, including aging founder Eka Tjipta Widjaja, so as to protect the interests of the state.
"The government seems to be reluctant to ask for Eka Tjipta Widjaja`s personal guarantee, but we insisted," said legislator Syamsul Balda of the Reform Faction.
"If Eka Tjipta Djaja is not cooperative, the government should take legal action and impose a travel ban if necessary," he said.
Meanwhile, IBRA Chairman I Putu Ary Suta said that the agency would conduct financial and legal audits on the assets pledged by Sinar Mas.
BCA
Meanwhile, Commission IX legislators decided to once again delay making a decision on whether to approve the government`s plan to divest a 51 percent stake in Bank Central Asia (BCA) this year.
"The deliberation of the BCA divestment plan has been postponed until Monday," legislator Paskah Suzetta said without elaborating.
The legislators were initially expected to reach a decision last Monday.
The BCA divestment plan is part of the government`s latest agreement with the International Monetary Fund to allow the later to disburse the latest $400 million tranche of its lending program to the country.
BCA was previously owned by the giant Salim Group, which had to surrender the bank to the government after it violated banking rulings by channeling funds to affiliated Salim firms in excess of prudential limits.
There has been speculation that the Salim family was trying to block the planned sale as it was still very interested in buying back the bank. At the moment, legislators are still against any move by Salim to buy back BCA or other assets already pledged to the government.(03)
Die IBRA macht Fortschritte !!!
18 Strategic Investors Express Interests in BCA Shares
23/10/2001
The Indonesian Bank Restructuring Agency (IBRA) has since early October 2001 offered its 51% stake at Bank Central Asia (BCA) consisting of 30% with an 21% option. Further, on 8 October 2001 teaser letter and confidentiality agreement were sent to 98 (ninety eight) prospective strategic investors.
Until recently, IBRA has received expression of interest in BCA shares from 18 strategic investors, consisting of 7 foreign investors and 11 local investors. The prospective strategic investors represent both banks and financial institutions including :
JP Morgan Partners
JP Morgan Securities
PT Makindo Tbk
PT Madani Securities
PT Trimegah Securities
PT Bhakti Investama/PT Bhakti Asset Management
PT Jakarta Aset Manajemen
PT Rifan Financindo Advisory
PT Indonesian Recovery Company Limited
PT BNI Tbk
PT Andalan Artha Advisindo Sekuritas
PT Bhakti Capital Indonesia Tbk
PT TDM Asset Manajemen
Apart from the strategic 18 investors who have showed their interest and signed up confidentiality agreement, IBRA is expecting finalization of the document signing from several foreign strategic investors.
For the next round, IBRA will send information memorandum (more detailed information) about the BCA shares divestment plan as well as performance of publicly-listed PT Bank Central Asia Tbk to the prospective strategic investors who have submitted their expression of interest and signed up the confidentiality agreement.
IBRA expects the initial non binding bid has been received by early November 2001. Concerning the non-binding preliminary bid, an evaluation will be conducted to decide the shorlisted investors who will be qualified for the next round.
Road show Report
In the meantime, on 17 and 18 October 2001, Laksamana Sukardi (State Minister for State Enterprises), I Putu Gede Ary Suta (IBRA Chairman), I Nyoman Sender (IBRA Asset Sales Coordinator), and Soebowo Musa (Bank Restructuring Division Head) conducted a series of meeting with several prospective strategic investors in Singapore and Hong Kong.
The meeting is aimed at expressing the Indonesian Government commitment to the prospective strategic investors in conducting the strategic divestment of BCA shares. The meeting is also designed to explore how serious the interest of prospective strategic investors in BCA shares.
The divestment is expected to represent a landmark transaction as a reference for divestment of other government shares including the privatizationb efforts of state owned enterprises. Prospective strategic investors` interest in BCA shares has so far quite encouraging in term of the number of expression of interest from prospective investors.
SURYO SUSILO
Communications Division Head - IBRA
18 Strategic Investors Express Interests in BCA Shares
23/10/2001
The Indonesian Bank Restructuring Agency (IBRA) has since early October 2001 offered its 51% stake at Bank Central Asia (BCA) consisting of 30% with an 21% option. Further, on 8 October 2001 teaser letter and confidentiality agreement were sent to 98 (ninety eight) prospective strategic investors.
Until recently, IBRA has received expression of interest in BCA shares from 18 strategic investors, consisting of 7 foreign investors and 11 local investors. The prospective strategic investors represent both banks and financial institutions including :
JP Morgan Partners
JP Morgan Securities
PT Makindo Tbk
PT Madani Securities
PT Trimegah Securities
PT Bhakti Investama/PT Bhakti Asset Management
PT Jakarta Aset Manajemen
PT Rifan Financindo Advisory
PT Indonesian Recovery Company Limited
PT BNI Tbk
PT Andalan Artha Advisindo Sekuritas
PT Bhakti Capital Indonesia Tbk
PT TDM Asset Manajemen
Apart from the strategic 18 investors who have showed their interest and signed up confidentiality agreement, IBRA is expecting finalization of the document signing from several foreign strategic investors.
For the next round, IBRA will send information memorandum (more detailed information) about the BCA shares divestment plan as well as performance of publicly-listed PT Bank Central Asia Tbk to the prospective strategic investors who have submitted their expression of interest and signed up the confidentiality agreement.
IBRA expects the initial non binding bid has been received by early November 2001. Concerning the non-binding preliminary bid, an evaluation will be conducted to decide the shorlisted investors who will be qualified for the next round.
Road show Report
In the meantime, on 17 and 18 October 2001, Laksamana Sukardi (State Minister for State Enterprises), I Putu Gede Ary Suta (IBRA Chairman), I Nyoman Sender (IBRA Asset Sales Coordinator), and Soebowo Musa (Bank Restructuring Division Head) conducted a series of meeting with several prospective strategic investors in Singapore and Hong Kong.
The meeting is aimed at expressing the Indonesian Government commitment to the prospective strategic investors in conducting the strategic divestment of BCA shares. The meeting is also designed to explore how serious the interest of prospective strategic investors in BCA shares.
The divestment is expected to represent a landmark transaction as a reference for divestment of other government shares including the privatizationb efforts of state owned enterprises. Prospective strategic investors` interest in BCA shares has so far quite encouraging in term of the number of expression of interest from prospective investors.
SURYO SUSILO
Communications Division Head - IBRA
Wird schon noch, die Bieter kommen endlich aus Ihren Löchern!
Thursday November 15, 11:11 AM
Bank of China reported as ahead in bidding for BCA stake
JAKARTA (Reuters) - The Bank of China might win a bid to take over Indonesia`s state-controlled Bank Central Asia (BCA), the country`s largest retail bank, a local newspaper reported on Thursday.
The leading Bisnis Indonesia newspaper quoted a source close to the Bank Restructuring Agency (IBRA), which controls BCA, as saying China`s largest foreign exchange bank would need to conduct a due diligence on the bank.
But an IBRA official told Reuters the Bank of China was not among 24 listed bidders the agency has said were eyeing the 51 percent stake in BCA, although he did not rule out the possibility it would take part in the closely-watched sale.
"Bank of China has sufficient funds and it also does not set too many conditions," Bisnis Indonesia quoted the source close to IBRA as saying.
"It is known that the Bank of China is planning to open six branches in Indonesia..."
Selling majority control of BCA would raise badly needed funds for the government to stem a gaping budget deficit and kickstart efforts to return large chunks of the banking sector under state control to private hands.
Bidders for BCA include Standard Chartered Bank, ABN Amro, JP Morgan Partners, Bank Negara Indonesia along with local brokerages Makindo and Trimegah Securities.
"As far as I know it is not among the existing bidders, but there is always a possibility that it may be bidding through someone else," the IBRA official who spoke to Reuters said.
"Theoretically, before the bidding closes by the end of this week, anyone can still place a new bid."
BCA was formerly owned by the Salim Group, Indonesia`s largest conglomerate, but was taken over by the state at the height of the Asian financial crisis in the late 1990s.
It is now 60.3 percent controlled by IBRA.
IBRA has said the sale should be completed by the end of the year, but senior government officials have said that target would be tough to meet because of poor market conditions.
BCA closed at 1,325 rupiah ($0.12) on Wednesday.
Thursday November 15, 11:11 AM
Bank of China reported as ahead in bidding for BCA stake
JAKARTA (Reuters) - The Bank of China might win a bid to take over Indonesia`s state-controlled Bank Central Asia (BCA), the country`s largest retail bank, a local newspaper reported on Thursday.
The leading Bisnis Indonesia newspaper quoted a source close to the Bank Restructuring Agency (IBRA), which controls BCA, as saying China`s largest foreign exchange bank would need to conduct a due diligence on the bank.
But an IBRA official told Reuters the Bank of China was not among 24 listed bidders the agency has said were eyeing the 51 percent stake in BCA, although he did not rule out the possibility it would take part in the closely-watched sale.
"Bank of China has sufficient funds and it also does not set too many conditions," Bisnis Indonesia quoted the source close to IBRA as saying.
"It is known that the Bank of China is planning to open six branches in Indonesia..."
Selling majority control of BCA would raise badly needed funds for the government to stem a gaping budget deficit and kickstart efforts to return large chunks of the banking sector under state control to private hands.
Bidders for BCA include Standard Chartered Bank, ABN Amro, JP Morgan Partners, Bank Negara Indonesia along with local brokerages Makindo and Trimegah Securities.
"As far as I know it is not among the existing bidders, but there is always a possibility that it may be bidding through someone else," the IBRA official who spoke to Reuters said.
"Theoretically, before the bidding closes by the end of this week, anyone can still place a new bid."
BCA was formerly owned by the Salim Group, Indonesia`s largest conglomerate, but was taken over by the state at the height of the Asian financial crisis in the late 1990s.
It is now 60.3 percent controlled by IBRA.
IBRA has said the sale should be completed by the end of the year, but senior government officials have said that target would be tough to meet because of poor market conditions.
BCA closed at 1,325 rupiah ($0.12) on Wednesday.
Trading Spotlight
Jetzt wird`s spannend !
Wenn dieser Verkauf gut über die Bühne geht, dann wird wieder neues Vertrauen in die INDO-BANKEN kommen.
Hoffen wir das Beste !
15 investors submit bids for 51% BCA share
Berni K. Moestafa, The Jakarta Post, Jakarta
The Indonesian Bank Restructuring Agency (IBRA) said that 15 investors had submitted preliminary bids for a 51 percent stake in Bank Central Asia (BCA), marking the next step in a tender offering that IBRA was rushing to finalize before the end of the year.
IBRA chairman I Putu Gede Ary Suta said that from the 23 investors that had expressed interest in BCA, 15 had submitted preliminary bids.
"This morning we disclosed the preliminary bids for BCA: they totaled 15," Ary Suta told reporters.
He refused to disclose their identities, but said they were both local and foreign investors.
Reports said earlier that bidders for the BCA stake had included JP Morgan Partners, ABN Amro, Standard Chartered, Bank Negara Indonesia and local securities firms Trimegah Securities and Makindo. The Bank of China had also been rumored to be interested in BCA.
The entry of bids for the BCA stake raises new optimism that the government`s key divestment program may be completed this year. No less than Coordinating Minister for the Economy Dorodjatun Kuntjoro-Jakti said earlier that a sale this year was unlikely due to poor market conditions.
The government is expected to obtain around Rp 5 trillion (US$471.70 million) in proceeds from the sale of the 51 percent stake in BCA, which would be a significant contribution toward the financing of this year`s state budget deficit.
The completion of the BCA sale would also help revive investor confidence in the ailing economy, analysts said.
Ary Suta said IBRA would short-list the 15 investors, but there was no telling when the final bidders could be announced.
"The qualities sought in short-listing the bidders include: prime banks or investment firms with a good reputation, solid financial position, transparent funding sources, not being included in the list of people who have been blacklisted by Bank Indonesia, not being directly or indirectly affiliated to the former owners of BCA, and their offer price," IBRA said in a media statement.
It added that short-listed bidders were entitled to carry out due diligence investigations on BCA.
"From the result of the due diligence process, which takes several weeks, strategic investors will submit their final bids," the agency said.
Efforts to find the bank a strategic investor began last year.
Back then, legislators blocked the sale due to unfavorable market conditions. It identified as one of the reasons the fact that the IMF had suspended its loan program for eight months until last August.
Last June, a plan to sell a 31 percent stake in BCA came to nothing due to what was believed to have been low bids.
The government then raised the stake to 51 percent in the hope of luring strategic investors.
Some analysts have said that the current downturn in market sentiment abroad has dampened the appetite of investors for Indonesian assets.
They warned that this situation might result again in low bids.
Chairman of IBRA`s oversight committee Mar`ie Muhammad said IBRA had to ensure that only a credible investor would gain entry into BCA.
"We don`t want fly-by-night operators, taking their profit then bidding farewell," he told reporters.
Final bidders must undergo a fit and proper test by Bank Indonesia, which will become the final arbiter, filtering out the credible investors from the dubious ones.
printer friendly send to
Wenn dieser Verkauf gut über die Bühne geht, dann wird wieder neues Vertrauen in die INDO-BANKEN kommen.
Hoffen wir das Beste !
15 investors submit bids for 51% BCA share
Berni K. Moestafa, The Jakarta Post, Jakarta
The Indonesian Bank Restructuring Agency (IBRA) said that 15 investors had submitted preliminary bids for a 51 percent stake in Bank Central Asia (BCA), marking the next step in a tender offering that IBRA was rushing to finalize before the end of the year.
IBRA chairman I Putu Gede Ary Suta said that from the 23 investors that had expressed interest in BCA, 15 had submitted preliminary bids.
"This morning we disclosed the preliminary bids for BCA: they totaled 15," Ary Suta told reporters.
He refused to disclose their identities, but said they were both local and foreign investors.
Reports said earlier that bidders for the BCA stake had included JP Morgan Partners, ABN Amro, Standard Chartered, Bank Negara Indonesia and local securities firms Trimegah Securities and Makindo. The Bank of China had also been rumored to be interested in BCA.
The entry of bids for the BCA stake raises new optimism that the government`s key divestment program may be completed this year. No less than Coordinating Minister for the Economy Dorodjatun Kuntjoro-Jakti said earlier that a sale this year was unlikely due to poor market conditions.
The government is expected to obtain around Rp 5 trillion (US$471.70 million) in proceeds from the sale of the 51 percent stake in BCA, which would be a significant contribution toward the financing of this year`s state budget deficit.
The completion of the BCA sale would also help revive investor confidence in the ailing economy, analysts said.
Ary Suta said IBRA would short-list the 15 investors, but there was no telling when the final bidders could be announced.
"The qualities sought in short-listing the bidders include: prime banks or investment firms with a good reputation, solid financial position, transparent funding sources, not being included in the list of people who have been blacklisted by Bank Indonesia, not being directly or indirectly affiliated to the former owners of BCA, and their offer price," IBRA said in a media statement.
It added that short-listed bidders were entitled to carry out due diligence investigations on BCA.
"From the result of the due diligence process, which takes several weeks, strategic investors will submit their final bids," the agency said.
Efforts to find the bank a strategic investor began last year.
Back then, legislators blocked the sale due to unfavorable market conditions. It identified as one of the reasons the fact that the IMF had suspended its loan program for eight months until last August.
Last June, a plan to sell a 31 percent stake in BCA came to nothing due to what was believed to have been low bids.
The government then raised the stake to 51 percent in the hope of luring strategic investors.
Some analysts have said that the current downturn in market sentiment abroad has dampened the appetite of investors for Indonesian assets.
They warned that this situation might result again in low bids.
Chairman of IBRA`s oversight committee Mar`ie Muhammad said IBRA had to ensure that only a credible investor would gain entry into BCA.
"We don`t want fly-by-night operators, taking their profit then bidding farewell," he told reporters.
Final bidders must undergo a fit and proper test by Bank Indonesia, which will become the final arbiter, filtering out the credible investors from the dubious ones.
printer friendly send to
Es wird konkreter !
IBRA Puts 9 Strategic Investors Into Short List for BCA Shares
26/11/2001
The Indonesian Bank Restructuring Agency (IBRA) is optimistic about successful divestment of Bank Central Asia (BCA) shares and has selected 9 strategic investors, put them into the short list which consists of both local and foreign investors and list them as short listed investors. The investors comprise of banks, financial institutions and several consortium. The nine strategic investors will be invited to due diligence process for examining the financial, managerial and operational aspects of BCA.
The short listed 9 strategic investors look as follows:
Bidder Name Representative
1. Malaysian Plantation Group Andalan Artha Advisindo
2. Bank Mega Consortium Bhakti Capital
3. Dynamic Choice Credit Agricole
4. Farallon Capital Farallon Capital
5. Foreign Bank Foreign Bank
6. GKBI, Newbridge, Rifan and Saratoga Consortium GKBI Investment
7. Indonesia Recovery Fund Limited IRCL
8. Berca Consortium JP Morgan Sekuritas
9. Consortium of Bank Panin Share Holders Trimegah Sekuritas
Note: The numbering order in the Table does not represent ranking (alphabetical representative)
Earlier, IBRA has received 15 preliminary bids (non-binding) for BCA shares from prospective BCA strategic investors, consisting of 5 International Investors and 10 Local Investors. Assisted by the financial advisor and independent consultant, IBRA has selected 15 prospective strategic investors and picked 9 investors of them who are eligible for further phase of the BCA divestment process.
The criteria for selecting short listed investors include the following:
Prime bank and or financial institution with good reputation,
Legal clarity about the consortium with support from bank or financial institution of good reputation,
Commitment to long-term investment in Indonesia,
Sound financial position and guaranteed fund sources,
Exclusion from the Banker Negative List of Bank Indonesia,
Not affiliated, either directly or indirectly to the former share holder of BCA (Salim Group).
Subsequent to the investor short listing in the BCA divestment is the following process:
Due diligence (3 weeks after investor short listing)
Submission of Final bid (Third week of December 2001)
Signing of Sales & Purchase Agreement (Fourth Week of December 2001)
Fit & Proper Test Approval from Bank Indonesia
IBRA remains committed to conducting the BCA divestment process in optimal manner while complying with the principles of transparency, integrity, fairness, and consistency so as to secure confidence from all investors and the public.
IBRA Puts 9 Strategic Investors Into Short List for BCA Shares
26/11/2001
The Indonesian Bank Restructuring Agency (IBRA) is optimistic about successful divestment of Bank Central Asia (BCA) shares and has selected 9 strategic investors, put them into the short list which consists of both local and foreign investors and list them as short listed investors. The investors comprise of banks, financial institutions and several consortium. The nine strategic investors will be invited to due diligence process for examining the financial, managerial and operational aspects of BCA.
The short listed 9 strategic investors look as follows:
Bidder Name Representative
1. Malaysian Plantation Group Andalan Artha Advisindo
2. Bank Mega Consortium Bhakti Capital
3. Dynamic Choice Credit Agricole
4. Farallon Capital Farallon Capital
5. Foreign Bank Foreign Bank
6. GKBI, Newbridge, Rifan and Saratoga Consortium GKBI Investment
7. Indonesia Recovery Fund Limited IRCL
8. Berca Consortium JP Morgan Sekuritas
9. Consortium of Bank Panin Share Holders Trimegah Sekuritas
Note: The numbering order in the Table does not represent ranking (alphabetical representative)
Earlier, IBRA has received 15 preliminary bids (non-binding) for BCA shares from prospective BCA strategic investors, consisting of 5 International Investors and 10 Local Investors. Assisted by the financial advisor and independent consultant, IBRA has selected 15 prospective strategic investors and picked 9 investors of them who are eligible for further phase of the BCA divestment process.
The criteria for selecting short listed investors include the following:
Prime bank and or financial institution with good reputation,
Legal clarity about the consortium with support from bank or financial institution of good reputation,
Commitment to long-term investment in Indonesia,
Sound financial position and guaranteed fund sources,
Exclusion from the Banker Negative List of Bank Indonesia,
Not affiliated, either directly or indirectly to the former share holder of BCA (Salim Group).
Subsequent to the investor short listing in the BCA divestment is the following process:
Due diligence (3 weeks after investor short listing)
Submission of Final bid (Third week of December 2001)
Signing of Sales & Purchase Agreement (Fourth Week of December 2001)
Fit & Proper Test Approval from Bank Indonesia
IBRA remains committed to conducting the BCA divestment process in optimal manner while complying with the principles of transparency, integrity, fairness, and consistency so as to secure confidence from all investors and the public.
Jetzt wird`s interessant !
Friday January 25, 6:47 PM
Indonesia cenbank says doing best on BCA bidders
ADVERTISEMENT
JAKARTA, Jan 25 (Reuters) - Indonesia`s central bank said on Friday it was doing its best to finish screening bidders for a 51 percent stake in the country`s largest retail bank, Bank Central Asia (BCA) .
"We have not finished the (screening) test, it`s still ongoing," Bank Indonesia Senior Deputy Governor Anwar Nasution told reporters.
"But we hope by Monday all (the documents) will be completed so that we can finish it according to IBRA`s schedule," he added referring to Indonesia`s bank restructuring agency.
The long-awaited sale of BCA is regarded as critical to Indonesia`s faltering privatisation efforts and to signal to foreign investors it is serious about selling off its assets and put the country back on track.
Powerful IBRA, which controls 60.3 percent of BCA, previously planned to complete the stake sale by December last year, but the bidding deadline for potential buyers was extended to January 28, to allow more time for due diligence and for candidates to prepare funding.
IBRA is expected to announce the winning bidder within two weeks from January 28.
Anglo-Asian giant Standard Chartered Plc and U.S. investment fund Newbridge Capital Pte Ltd are among eight bidders that have been shortlisted.
Indonesia`s largest pension fund Jamsostek earlier on Friday said it was studying an offer by Standard Chartered to join its bid for BCA.
The BCA sale was originally slated for 2000 but was postponed due to poor bids, which Jakarta blamed on weak market conditions.
The delay was partly the reason the IMF froze its $5 billion loan programme with Jakarta for around eight months last year.
IBRA took over BCA from the powerful Salim family at the height of the Asian financial crisis of the late 1990s.
The BCA takeover was part of a massive 650 trillion rupiah
($62.20 billion) bank bail out following the crisis.
The World Bank said the bailout cost, around half of GDP, was the world`s costliest in GDP ratio.
Against that background, the reputation of the bidders was critical, particularly due to rumours the Salim family might be behind some of the short-listed bidders, even though they are prohibited from doing so.
BCA closed down 75 rupiah at 1,725 on Friday.
Friday January 25, 6:47 PM
Indonesia cenbank says doing best on BCA bidders
ADVERTISEMENT
JAKARTA, Jan 25 (Reuters) - Indonesia`s central bank said on Friday it was doing its best to finish screening bidders for a 51 percent stake in the country`s largest retail bank, Bank Central Asia (BCA) .
"We have not finished the (screening) test, it`s still ongoing," Bank Indonesia Senior Deputy Governor Anwar Nasution told reporters.
"But we hope by Monday all (the documents) will be completed so that we can finish it according to IBRA`s schedule," he added referring to Indonesia`s bank restructuring agency.
The long-awaited sale of BCA is regarded as critical to Indonesia`s faltering privatisation efforts and to signal to foreign investors it is serious about selling off its assets and put the country back on track.
Powerful IBRA, which controls 60.3 percent of BCA, previously planned to complete the stake sale by December last year, but the bidding deadline for potential buyers was extended to January 28, to allow more time for due diligence and for candidates to prepare funding.
IBRA is expected to announce the winning bidder within two weeks from January 28.
Anglo-Asian giant Standard Chartered Plc and U.S. investment fund Newbridge Capital Pte Ltd are among eight bidders that have been shortlisted.
Indonesia`s largest pension fund Jamsostek earlier on Friday said it was studying an offer by Standard Chartered to join its bid for BCA.
The BCA sale was originally slated for 2000 but was postponed due to poor bids, which Jakarta blamed on weak market conditions.
The delay was partly the reason the IMF froze its $5 billion loan programme with Jakarta for around eight months last year.
IBRA took over BCA from the powerful Salim family at the height of the Asian financial crisis of the late 1990s.
The BCA takeover was part of a massive 650 trillion rupiah
($62.20 billion) bank bail out following the crisis.
The World Bank said the bailout cost, around half of GDP, was the world`s costliest in GDP ratio.
Against that background, the reputation of the bidders was critical, particularly due to rumours the Salim family might be behind some of the short-listed bidders, even though they are prohibited from doing so.
BCA closed down 75 rupiah at 1,725 on Friday.
Keine Koruption - also kann der Verkauf wie geplant weiter gehen.
Gut so !
No former owner involved in BCA divestment tender: IBRA
JAKARTA (JP): Chairman of the Indonesian Bank Restructuring Agency (IBRA) I Putu Gede Ary Suta denied on Thursday allegations that Anthony Salim, a former owner of BCA bank, had been trying to regain control over the bank through consortium taking part inits divestment tender.
The BCA divestment tender has attracted four bidders, two of which are consortium each comprised of Standard Chartered Bank and Farallon, the groups Anthony Salim was rumored to be using to buy back BCA.
"I stand by the KKSK (Government`s Committee on Monetary Policies) of barring the former owners of BCA from buying back the bank. I have not found Anthony Salim`s name behind the Standard Chartered Bank and Farallon consortium," Ary Suta said as quoted by Antara.
Speaking at a workshop on development funding, Ary Suta said IBRA would not allow previous owners of BCA to buy the government`s 51 percent stake in the taken-over bank as they still had a huge amount of outstanding debts to the government.
"The allegations about Anthony Salim using the Standard Chartered and Farallon consortium are baseless and could affect the divestment tender process," he said.
IBRA had the right to seek information on the sources of funds to buy the BCA shares on offer, including on which companies were grouped in the consortium, he said.
He also noted that neither the Standard Chartered Bank nor Farallon consortium wanted to have anything to do with Anthony Salim.
The process of selling the government`s 51 percent stake in BCA is expected to be finalized by the end of this month and raise Rp 5 trillion (US$500 million) in cash for the government.
Four consortium are participating in the tender, namely Standard Chartered Bank, Farallon Capital, GKBI, and Bank Mega.
The Standard Chartered consortium consists of Government of Singapore Investment Corp., Prudential Plc., and PT Berca Indonesia.
The Farallon Capital consortium has as members Farindo Holdings Ltd. and Alaerka Investment Ltd.
The GKBI consortium is comprised of GKBI Investment,Jamsostek, PT Saratoga Investama Sedaya and PT Rifan Financindo Asset Management.
The Bank Mega consortium groups 10 foreign and domestic financial institutions
Gut so !
No former owner involved in BCA divestment tender: IBRA
JAKARTA (JP): Chairman of the Indonesian Bank Restructuring Agency (IBRA) I Putu Gede Ary Suta denied on Thursday allegations that Anthony Salim, a former owner of BCA bank, had been trying to regain control over the bank through consortium taking part inits divestment tender.
The BCA divestment tender has attracted four bidders, two of which are consortium each comprised of Standard Chartered Bank and Farallon, the groups Anthony Salim was rumored to be using to buy back BCA.
"I stand by the KKSK (Government`s Committee on Monetary Policies) of barring the former owners of BCA from buying back the bank. I have not found Anthony Salim`s name behind the Standard Chartered Bank and Farallon consortium," Ary Suta said as quoted by Antara.
Speaking at a workshop on development funding, Ary Suta said IBRA would not allow previous owners of BCA to buy the government`s 51 percent stake in the taken-over bank as they still had a huge amount of outstanding debts to the government.
"The allegations about Anthony Salim using the Standard Chartered and Farallon consortium are baseless and could affect the divestment tender process," he said.
IBRA had the right to seek information on the sources of funds to buy the BCA shares on offer, including on which companies were grouped in the consortium, he said.
He also noted that neither the Standard Chartered Bank nor Farallon consortium wanted to have anything to do with Anthony Salim.
The process of selling the government`s 51 percent stake in BCA is expected to be finalized by the end of this month and raise Rp 5 trillion (US$500 million) in cash for the government.
Four consortium are participating in the tender, namely Standard Chartered Bank, Farallon Capital, GKBI, and Bank Mega.
The Standard Chartered consortium consists of Government of Singapore Investment Corp., Prudential Plc., and PT Berca Indonesia.
The Farallon Capital consortium has as members Farindo Holdings Ltd. and Alaerka Investment Ltd.
The GKBI consortium is comprised of GKBI Investment,Jamsostek, PT Saratoga Investama Sedaya and PT Rifan Financindo Asset Management.
The Bank Mega consortium groups 10 foreign and domestic financial institutions
Dieser Verkauf wird zur Nagelprobe. Alle folgenden gehen vermutlich deutlich rascher von der Hand.
Tuesday February 26, 1:57 PM
Indonesia`s IBRA says BCA sale to go ahead
JAKARTA, Feb 26 (Reuters) - Indonesia`s powerful bank agency confirmed on Tuesday the process of divesting a majority stake in PT Bank Central Asia (BCA) would go ahead despite possibilities some of its final bidders might pull out from the bid.
IBRA`s comments follow recent moves by some bidders who appear to be having second thoughts on BCA, and this in turn has triggered concern over fresh delays to the closely-watched sale, seen as crucial to the slow-moving asset-sales programme.
On Monday one member of a consortium bidding for BCA said it had pulled out from the bid, citing in part political reasons, while U.S. investment firm Farallon, widely seen as one of the strongest contenders, also said it was considering backing out, saying it was an unfair and non-transparent process.
Asked if such moves would delay the sale process, IBRA chairman I Putu Gde Ary Suta told reporters: "The process is continuing in accordance with the schedule".
BCA closed the morning session up 50 rupiah, or 2.78 percent, at 1,850.
Tuesday February 26, 1:57 PM
Indonesia`s IBRA says BCA sale to go ahead
JAKARTA, Feb 26 (Reuters) - Indonesia`s powerful bank agency confirmed on Tuesday the process of divesting a majority stake in PT Bank Central Asia (BCA) would go ahead despite possibilities some of its final bidders might pull out from the bid.
IBRA`s comments follow recent moves by some bidders who appear to be having second thoughts on BCA, and this in turn has triggered concern over fresh delays to the closely-watched sale, seen as crucial to the slow-moving asset-sales programme.
On Monday one member of a consortium bidding for BCA said it had pulled out from the bid, citing in part political reasons, while U.S. investment firm Farallon, widely seen as one of the strongest contenders, also said it was considering backing out, saying it was an unfair and non-transparent process.
Asked if such moves would delay the sale process, IBRA chairman I Putu Gde Ary Suta told reporters: "The process is continuing in accordance with the schedule".
BCA closed the morning session up 50 rupiah, or 2.78 percent, at 1,850.
Die machen es ja wirklich spannend !
StanChart, Farallon move to next stage in BCA bid
JAKARTA (JP): Two foreign consortia are neck and neck as they vie for a majority stake in Bank Central Asia (BCA) after passing the first round of tests by the Indonesian Bank Restructuring Agency (IBRA).
British-based Standard Chartered Bank Plc and U.S. investment firm Farallon Capital Management have passed Bank Indonesia`s "fit and proper test" and what IBRA called its "drop dead test".
"StanChart and Farallon may proceed to the next and last stages of the bidding process," said IBRA chairman I Putu Gede Ary Suta in a press conference on Tuesday.
He said IBRA would now evaluate their final bids to come out with the best combination of price, business plan and conditions bidders set for the sale.
IBRA has said it would take about one week to 10 days to complete the evaluation and announce the winner.
Tuesday`s announcement ended four weeks of impasse in the sale process, since four out of nine consortia submitted their final bids to IBRA on Jan. 28.
Dropping out of the race were two local competitors, the BankMega consortium and the GKBI consortium, though it remainsunclear exactly why.
Ary Suta refused to say whether the two local bidders flunkedBank Indonesia`s screening or IBRA`s drop dead test.
Bidders were left in the dark while waiting for BankIndonesia to complete its fit and proper test on them.
The waiting gave way to rumors over IBRA meddling with thefinal bids and also led to fresh protests against the sale.
Farallon on Monday threatened to pull out if the sale process was found to be corrupt.
The U.S. firm aired concerns over IBRA allowing bidders to change their final bids. Ary Suta admitted there were negotiations with bidders after their final bids were submitted.
But he declined to say whether the talks included bidders` pricing and their proposed terms and conditions.
StanChart and Farallon have reportedly made similar bids which would mean even a minor change could give an edge to one bidder.
The four weeks of waiting also saw new pressure against the sale.
State Minister for National Development Planning Kwik Kian Gie challenged the government`s stance, saying he opposed the sale.
Kwik questioned the sale while some Rp 58 trillion (aboutUS$5.8 billion) worth of government bonds was still tied up in the bank. These bonds earn the bank some Rp 7 trillion of public-funded coupon rates a year.
BCA`s sale is expected to generate only between Rp 5 trillion to Rp 6 trillion in cash for the government.
Gaining momentum on Kwik`s statement was BCA`s labor union whose rallies against the sale add risks to an already shaky sale process. BCA employees are demanding that BCA remain under government control.
IBRA took over BCA after injecting the bank with government bonds to bail it out from the financial crisis in the late 90s.
The government nationalized a number of banks, and selling them now should help it recover part of the bail out funds.
Picking BCA as the first bank to be sold was expected to generate investors` appetite for further sales of IBRA banks.
BCA is one of the most attractive banks in terms of asset value and its strong foothold in the retail banking sector. (bkm)
StanChart, Farallon move to next stage in BCA bid
JAKARTA (JP): Two foreign consortia are neck and neck as they vie for a majority stake in Bank Central Asia (BCA) after passing the first round of tests by the Indonesian Bank Restructuring Agency (IBRA).
British-based Standard Chartered Bank Plc and U.S. investment firm Farallon Capital Management have passed Bank Indonesia`s "fit and proper test" and what IBRA called its "drop dead test".
"StanChart and Farallon may proceed to the next and last stages of the bidding process," said IBRA chairman I Putu Gede Ary Suta in a press conference on Tuesday.
He said IBRA would now evaluate their final bids to come out with the best combination of price, business plan and conditions bidders set for the sale.
IBRA has said it would take about one week to 10 days to complete the evaluation and announce the winner.
Tuesday`s announcement ended four weeks of impasse in the sale process, since four out of nine consortia submitted their final bids to IBRA on Jan. 28.
Dropping out of the race were two local competitors, the BankMega consortium and the GKBI consortium, though it remainsunclear exactly why.
Ary Suta refused to say whether the two local bidders flunkedBank Indonesia`s screening or IBRA`s drop dead test.
Bidders were left in the dark while waiting for BankIndonesia to complete its fit and proper test on them.
The waiting gave way to rumors over IBRA meddling with thefinal bids and also led to fresh protests against the sale.
Farallon on Monday threatened to pull out if the sale process was found to be corrupt.
The U.S. firm aired concerns over IBRA allowing bidders to change their final bids. Ary Suta admitted there were negotiations with bidders after their final bids were submitted.
But he declined to say whether the talks included bidders` pricing and their proposed terms and conditions.
StanChart and Farallon have reportedly made similar bids which would mean even a minor change could give an edge to one bidder.
The four weeks of waiting also saw new pressure against the sale.
State Minister for National Development Planning Kwik Kian Gie challenged the government`s stance, saying he opposed the sale.
Kwik questioned the sale while some Rp 58 trillion (aboutUS$5.8 billion) worth of government bonds was still tied up in the bank. These bonds earn the bank some Rp 7 trillion of public-funded coupon rates a year.
BCA`s sale is expected to generate only between Rp 5 trillion to Rp 6 trillion in cash for the government.
Gaining momentum on Kwik`s statement was BCA`s labor union whose rallies against the sale add risks to an already shaky sale process. BCA employees are demanding that BCA remain under government control.
IBRA took over BCA after injecting the bank with government bonds to bail it out from the financial crisis in the late 90s.
The government nationalized a number of banks, and selling them now should help it recover part of the bail out funds.
Picking BCA as the first bank to be sold was expected to generate investors` appetite for further sales of IBRA banks.
BCA is one of the most attractive banks in terms of asset value and its strong foothold in the retail banking sector. (bkm)
Erste Resultate:
IBRA Announces Names of BCA Bidders Qualified for Evaluation Stage II
26/02/2002
Farallon and Standard Chartered Consortiums Pass Drop Dead Test
Further to the Bank Central Asia (BCA) shares divestment process by the Indonesian Bank Restructuring Agency (IBRA), on Monday evening of 25 February 2002, IBRA received the results of the fit & proper test conducted by Bank Indonesia (BI) on the four potential investors for BCA.
Based on the results of evaluation on the fulfillment of 4 (four) drop dead test criteria (evaluation stage I), one of which is the fit &proper test by the central bank on the BCA bidders, IBRA has today determined that the Farallon and Standard Chartered Bank consortiums have passed the test.
In the following are the four drop dead test criteria to be fulfilled by prospective investors for BCA in the evaluation stage I :
Letter of Statement from the potential investor that it has neither direct nor indirect relations to the Salim group just as the reference to the FSPC Decree No. Kep.03/K.KKSK/11/2000 dated 10 November 2000;
If the prospective investor is a consortium, the consortium must be led by a bank or financial institution holding a voting rights majority;
The prospective investor must have submitted an irrevocable standby letter of credit (LC) or another form of guarantee letter of equal level in the value of US$ 50 million for a 60 days` period. The L/C is issued by a bank with investment grade rating;
The prospective investor passes the fit & proper test by Bank Indonesia.
It is noteworthy that in the evaluation process IBRA upholds the principle of equal opportunity to the four final bidders who take part in the first stage of evaluation.
The two final bidders who have passed the first stage of evaluation process will be administered into the second stage of evaluation process in which IBRA conduct the evaluation based on the following criteria:
No. Criteria Score
1. Quantitative Criteria : Bidding Price maximum 50 points
2. Qualitative Criteria:
Structure of Consortium (scoring on the consortium leader and members)
Terms and conditions in the sale & purchase agreement
Business plan for future development of BCA
maximum 20 points
maximum 25 points
maximum 5 points
T o t a l 100 points
It will take about 2 (two) weeks for IBRA to carry out the evaluation based on the aforementioned criteria. Subsequently, IBRA will announce the name of the BCA shares divestment tender.
The evaluation conducted by IBRA on the final bidders is aimed at drawing in the investor with capability of improving BCA`s performance so as to boost up the banking sector development in general, as well as accelerating the national economic recovery.
IBRA Announces Names of BCA Bidders Qualified for Evaluation Stage II
26/02/2002
Farallon and Standard Chartered Consortiums Pass Drop Dead Test
Further to the Bank Central Asia (BCA) shares divestment process by the Indonesian Bank Restructuring Agency (IBRA), on Monday evening of 25 February 2002, IBRA received the results of the fit & proper test conducted by Bank Indonesia (BI) on the four potential investors for BCA.
Based on the results of evaluation on the fulfillment of 4 (four) drop dead test criteria (evaluation stage I), one of which is the fit &proper test by the central bank on the BCA bidders, IBRA has today determined that the Farallon and Standard Chartered Bank consortiums have passed the test.
In the following are the four drop dead test criteria to be fulfilled by prospective investors for BCA in the evaluation stage I :
Letter of Statement from the potential investor that it has neither direct nor indirect relations to the Salim group just as the reference to the FSPC Decree No. Kep.03/K.KKSK/11/2000 dated 10 November 2000;
If the prospective investor is a consortium, the consortium must be led by a bank or financial institution holding a voting rights majority;
The prospective investor must have submitted an irrevocable standby letter of credit (LC) or another form of guarantee letter of equal level in the value of US$ 50 million for a 60 days` period. The L/C is issued by a bank with investment grade rating;
The prospective investor passes the fit & proper test by Bank Indonesia.
It is noteworthy that in the evaluation process IBRA upholds the principle of equal opportunity to the four final bidders who take part in the first stage of evaluation.
The two final bidders who have passed the first stage of evaluation process will be administered into the second stage of evaluation process in which IBRA conduct the evaluation based on the following criteria:
No. Criteria Score
1. Quantitative Criteria : Bidding Price maximum 50 points
2. Qualitative Criteria:
Structure of Consortium (scoring on the consortium leader and members)
Terms and conditions in the sale & purchase agreement
Business plan for future development of BCA
maximum 20 points
maximum 25 points
maximum 5 points
T o t a l 100 points
It will take about 2 (two) weeks for IBRA to carry out the evaluation based on the aforementioned criteria. Subsequently, IBRA will announce the name of the BCA shares divestment tender.
The evaluation conducted by IBRA on the final bidders is aimed at drawing in the investor with capability of improving BCA`s performance so as to boost up the banking sector development in general, as well as accelerating the national economic recovery.
Dann kann`s ja mit dem Verkauf anderen Banken munter weiter gehen.
Was meint Ihr ?
IMF says BCA bidding process fair
Monday, March/4/2002 18:01:40 GMT+7.
The International Monetary Fund (IMF) on Monday sought to allay concerns the bidding process for the sale of Indonesia`s largest retail bank, PT Bank Central Asia Tbk (BCA), might have been unfair, saying that government had handled it appropriately.
The sale of a majority stake in BCA is widely seen as a barometer of Indonesia`s commitment to genuine reform and a transparent bidding process would be important to reignite investor interest in the country after years of economic crisis.
"My understanding is that all bidders have had equal opportunity to make their bids and to explain their bids and in that sense there has been a level playing field," said David Nellor, the IMF`s senior resident representative in Jakarta.
"So we have confidence the process is being handled appropriately," he added.
Concerns over the bidding process surfaced last week when one of two final bidders, U.S. investment company Farallon Capital , threatened to pull out of the sale claiming the process lacked transparency. The other contender is Anglo-British banking giant Standard Chartered PLC.
Reported by : Reuters
Was meint Ihr ?
IMF says BCA bidding process fair
Monday, March/4/2002 18:01:40 GMT+7.
The International Monetary Fund (IMF) on Monday sought to allay concerns the bidding process for the sale of Indonesia`s largest retail bank, PT Bank Central Asia Tbk (BCA), might have been unfair, saying that government had handled it appropriately.
The sale of a majority stake in BCA is widely seen as a barometer of Indonesia`s commitment to genuine reform and a transparent bidding process would be important to reignite investor interest in the country after years of economic crisis.
"My understanding is that all bidders have had equal opportunity to make their bids and to explain their bids and in that sense there has been a level playing field," said David Nellor, the IMF`s senior resident representative in Jakarta.
"So we have confidence the process is being handled appropriately," he added.
Concerns over the bidding process surfaced last week when one of two final bidders, U.S. investment company Farallon Capital , threatened to pull out of the sale claiming the process lacked transparency. The other contender is Anglo-British banking giant Standard Chartered PLC.
Reported by : Reuters
Der Verkauf ist "fast" perfekt !
IBRA questions govt` plan to set up team on BCA tender
JAKARTA (JP): Chairman of the Indonesian Bank Restructuring Agency (IBRA) I Putu Gde Ary Suta said on Tuesday that the government should revise its regulation on IBRA before establishing a joint team to determine the winner of the BCA tender.
"If it (the government) wants to set up a joint team, then Government Regulation No. 17/1999 should be revised first," Ary Suta said as quoted by Antara.
He said that he was not informed about the government`s plan to establish the joint team which would include, among others, the coordinating minister for the economy, the finance minister, the state minister for state enterprises, and the governor of the central bank (BI).
Ary Suta said any decision affecting IBRA should be based on the government regulation that outlined IBRA`s task of restructuring debts, improving banks` performance and optimizing asset sales.
"The regulation states that all processes, from the beginning, are in the hands of IBRA," he said.
He refused to comment on his possible involvement in the team.
Earlier on Monday, State Minister for State Enterprises Laksamana Sukardi said he would set up a joint team to determine winner of BCA`s tender, although the tender process is managed by IBRA.
"It`s important to have an independent process because if we let just one party control the process from A to Z, there is a tendency for strange things to happen," Laksamana said.
As the country`s largest retail bank, BCA is among the most precious assets on sale, and a magnet to various vested interest groups.
Meanwhile, a member of the Business Competition Supervisory Commission (KPPU), Faisal Basri, said the plan to form a joint team to handpick the winner of the BCA divestment tender was an indication of the public`s lack of faith in IBRA`s credibility.
"The problem of IBRA`s credibility should be handled first. IBRA has become a source of problems and as long as its chairman is not replaced, the problem will persist," Faisal said.
But Faisal agreed that the government`s plan to form an independent team to select the successful BCA bidder was rather odd because the ministers concerned were also members of the Committee on Financial Sector Policies (KKSK), which supervises IBRA.
IBRA questions govt` plan to set up team on BCA tender
JAKARTA (JP): Chairman of the Indonesian Bank Restructuring Agency (IBRA) I Putu Gde Ary Suta said on Tuesday that the government should revise its regulation on IBRA before establishing a joint team to determine the winner of the BCA tender.
"If it (the government) wants to set up a joint team, then Government Regulation No. 17/1999 should be revised first," Ary Suta said as quoted by Antara.
He said that he was not informed about the government`s plan to establish the joint team which would include, among others, the coordinating minister for the economy, the finance minister, the state minister for state enterprises, and the governor of the central bank (BI).
Ary Suta said any decision affecting IBRA should be based on the government regulation that outlined IBRA`s task of restructuring debts, improving banks` performance and optimizing asset sales.
"The regulation states that all processes, from the beginning, are in the hands of IBRA," he said.
He refused to comment on his possible involvement in the team.
Earlier on Monday, State Minister for State Enterprises Laksamana Sukardi said he would set up a joint team to determine winner of BCA`s tender, although the tender process is managed by IBRA.
"It`s important to have an independent process because if we let just one party control the process from A to Z, there is a tendency for strange things to happen," Laksamana said.
As the country`s largest retail bank, BCA is among the most precious assets on sale, and a magnet to various vested interest groups.
Meanwhile, a member of the Business Competition Supervisory Commission (KPPU), Faisal Basri, said the plan to form a joint team to handpick the winner of the BCA divestment tender was an indication of the public`s lack of faith in IBRA`s credibility.
"The problem of IBRA`s credibility should be handled first. IBRA has become a source of problems and as long as its chairman is not replaced, the problem will persist," Faisal said.
But Faisal agreed that the government`s plan to form an independent team to select the successful BCA bidder was rather odd because the ministers concerned were also members of the Committee on Financial Sector Policies (KKSK), which supervises IBRA.
Oh, wie ist das schön !
BCA sale must go through
Friday, March/8/2002 11:04:53 GMT+7.
After a two-year delay, the Indonesian government`s announcement late last year that it was pushing ahead with the sale of Bank Central Asia (BCA) raised hopes that the new administration was committed to its asset sale programme.
Despite all the obstacles placed along the way by vested interest groups tied to the previous owners as well as to new players on the block, the BCA sale is now in its final stage. A decision on who eventually will own and manage Indonesia`s largest retail bank is due next week.
But a fresh and unseemly controversy surrounding the sale process has erupted, threatening to scupper it once again. This time, the powerful head of the Indonesian BankRestructuring Agency (Ibra) is challenging the authority of Laksamana Sukardi, the minister who oversees the agency, who wants to form a team of high-level government officials to pick the winner.
Laksamana`s argument is that, given the economic and political importance of the 51 per cent sale of BCA to the country and the government`s 2002 fiscal Budget, nothing should be left to chance. Not only will the eventual buyer contribute over $500m to the state coffers, the sale is widely perceived as the litmus test for Indonesia`s ability to attract foreign investments and rebuild its devastated banking sector.
Ibra chief`s, I Putu Gede Ary Suta, however, is not convinced of the need for higher authority to oversee the sale - even if it`s his boss Laksamana and other senior government figures such as the Minister of Finance and the central bank governor. He feels that would be hijacking his agency`s mandate to direct the sale of assets under its control. He has gone as far as saying that the formation of the team proposed by the minister is illegal as it violates government regulations.
So far, the public spat between the two men has not affected investor sentiment; Both the rupiah and the Jakarta Composite Index have posted strong gains over the past two months on the assumption that the BCA sale will be concluded without any hitches. But as events of the past few years have so often proven, the sentiment can turn negative overnight if circumstances begin to sour.
That Laksamana chose to announce his team just one week before the announcement of the winner - either British-based Standard Chartered plc or US investment firm Farallon Capital Management - has not only raised a few eyebrows but has sowed seeds of uncertainty about the government`s determination to go through with the sale of prized corporate assets in its possession.
No more doubts
Certainly, this is not the time for the government or individual ministers to toy around with changing the rules of the game. If Laksamana suspects Ary Suta of manipulating the tender process, as has been rumoured - given the long delay in announcing the winner despite there being clear selection criteria - he should remove the Ibra chairman. There is no need to muddy the waters by undermining the agency`s authority and credibility. This serves neither the interests of potential investors nor the government.
It is imperative that Indonesia closes the BCA sale this time. It must ensure that the transaction is done in a fair and transparent manner with no overhanging doubts about the validity of the winner if Indonesia is to sustain the positive momentum that has begun to build up in reviving the economy five years into the crisis.
Reported by : Business Times
BCA sale must go through
Friday, March/8/2002 11:04:53 GMT+7.
After a two-year delay, the Indonesian government`s announcement late last year that it was pushing ahead with the sale of Bank Central Asia (BCA) raised hopes that the new administration was committed to its asset sale programme.
Despite all the obstacles placed along the way by vested interest groups tied to the previous owners as well as to new players on the block, the BCA sale is now in its final stage. A decision on who eventually will own and manage Indonesia`s largest retail bank is due next week.
But a fresh and unseemly controversy surrounding the sale process has erupted, threatening to scupper it once again. This time, the powerful head of the Indonesian BankRestructuring Agency (Ibra) is challenging the authority of Laksamana Sukardi, the minister who oversees the agency, who wants to form a team of high-level government officials to pick the winner.
Laksamana`s argument is that, given the economic and political importance of the 51 per cent sale of BCA to the country and the government`s 2002 fiscal Budget, nothing should be left to chance. Not only will the eventual buyer contribute over $500m to the state coffers, the sale is widely perceived as the litmus test for Indonesia`s ability to attract foreign investments and rebuild its devastated banking sector.
Ibra chief`s, I Putu Gede Ary Suta, however, is not convinced of the need for higher authority to oversee the sale - even if it`s his boss Laksamana and other senior government figures such as the Minister of Finance and the central bank governor. He feels that would be hijacking his agency`s mandate to direct the sale of assets under its control. He has gone as far as saying that the formation of the team proposed by the minister is illegal as it violates government regulations.
So far, the public spat between the two men has not affected investor sentiment; Both the rupiah and the Jakarta Composite Index have posted strong gains over the past two months on the assumption that the BCA sale will be concluded without any hitches. But as events of the past few years have so often proven, the sentiment can turn negative overnight if circumstances begin to sour.
That Laksamana chose to announce his team just one week before the announcement of the winner - either British-based Standard Chartered plc or US investment firm Farallon Capital Management - has not only raised a few eyebrows but has sowed seeds of uncertainty about the government`s determination to go through with the sale of prized corporate assets in its possession.
No more doubts
Certainly, this is not the time for the government or individual ministers to toy around with changing the rules of the game. If Laksamana suspects Ary Suta of manipulating the tender process, as has been rumoured - given the long delay in announcing the winner despite there being clear selection criteria - he should remove the Ibra chairman. There is no need to muddy the waters by undermining the agency`s authority and credibility. This serves neither the interests of potential investors nor the government.
It is imperative that Indonesia closes the BCA sale this time. It must ensure that the transaction is done in a fair and transparent manner with no overhanging doubts about the validity of the winner if Indonesia is to sustain the positive momentum that has begun to build up in reviving the economy five years into the crisis.
Reported by : Business Times
Jetzt wollen die Idioten den Verkauf schon wieder in Frage stellen.
Es ist ein Katastrope - was soll das ?
Kwik says still possible to cancel divestment of govt`s BCA share
JAKARTA (JP): State Minister of National Development Planning Kwik Kian Gie said on Monday that the government could still cancel the divestment of its stake in Bank Central Asia (BCA).
"There is still a chance to cancel it," Kwik said after a Cabinet meeting as quoted by Antara.
He said two surviving bidders for BCA, Standard Chartered and Farallon, had copies of the information memorandum.
One clause of the memorandum stipulates that the government can cancel the divestment before the signing of a sales document without having to notify the bidders of the cancellation or the reasons for it, he said.
"It would not be wrong because they know that the government can cancel it any time," Kwik said.
Earlier in the day, thousands of BCA employees staged a rally at the House of Representatives (DPR) building to protest the plan to sell the government`s 51 percent stake in the bank.
Kwik said he might support any attempt to cancel thedivestment despite the fact that the government might lose some Rp 58.2 trillion (US$5.8 billion) from its bonds in the bank.
"I don`t want to theorize. Basically, I don`t want to see the government lose Rp 58.2 trillion from the sale of BCA," he said.
The sale of BCA also includes government bonds worth Rp 58.2 trillion.
Should the bank be sold, it must be "cleared" from bonds by reviving its intermediary function, Kwik said.
In addition, it must also be able to raise deposits and extend loans to the business world by making a profit from its spread, the difference between cost of funds and lending rate.
"The divestment of the government`s stake in BCA will only set a bad precedent for other banks. Theoretically, the government could suffer a loss of Rp 450 trillion in cash if other banks follow suit," Kwik said.
He said the bank recapitalization program aimed at helping ailing banks to survive, and when the economy improved, they were expected to stand on their own without the support of government bonds.
"Only after a bank is cleared from (government) bonds can we privatize it," Kwik said.
Es ist ein Katastrope - was soll das ?
Kwik says still possible to cancel divestment of govt`s BCA share
JAKARTA (JP): State Minister of National Development Planning Kwik Kian Gie said on Monday that the government could still cancel the divestment of its stake in Bank Central Asia (BCA).
"There is still a chance to cancel it," Kwik said after a Cabinet meeting as quoted by Antara.
He said two surviving bidders for BCA, Standard Chartered and Farallon, had copies of the information memorandum.
One clause of the memorandum stipulates that the government can cancel the divestment before the signing of a sales document without having to notify the bidders of the cancellation or the reasons for it, he said.
"It would not be wrong because they know that the government can cancel it any time," Kwik said.
Earlier in the day, thousands of BCA employees staged a rally at the House of Representatives (DPR) building to protest the plan to sell the government`s 51 percent stake in the bank.
Kwik said he might support any attempt to cancel thedivestment despite the fact that the government might lose some Rp 58.2 trillion (US$5.8 billion) from its bonds in the bank.
"I don`t want to theorize. Basically, I don`t want to see the government lose Rp 58.2 trillion from the sale of BCA," he said.
The sale of BCA also includes government bonds worth Rp 58.2 trillion.
Should the bank be sold, it must be "cleared" from bonds by reviving its intermediary function, Kwik said.
In addition, it must also be able to raise deposits and extend loans to the business world by making a profit from its spread, the difference between cost of funds and lending rate.
"The divestment of the government`s stake in BCA will only set a bad precedent for other banks. Theoretically, the government could suffer a loss of Rp 450 trillion in cash if other banks follow suit," Kwik said.
He said the bank recapitalization program aimed at helping ailing banks to survive, and when the economy improved, they were expected to stand on their own without the support of government bonds.
"Only after a bank is cleared from (government) bonds can we privatize it," Kwik said.
Der Durchbruch ist da !!!
Wednesday, 13 March, 2002, 14:20 GMT
Indonesian bank privatisation finalised
Bank staff have protested against the sale
Indonesia has chosen the winning bid for a majority stake in Bank Central Asia (BCA) and will announce it this week, despite a background of rising dissent.
The sale is the country`s most significant privatisation since the Asian financial crisis in the late 1990s and a key requirement for International Monetary Fund (IMF) assistance.
"We`ve already got the winner, but it is not ethical if I reveal it now, because there are some administrative matters that have to be completed," State Enterprises Minister Laksamana Sukardi said.
"We are still going to announce the winner this week, maybe tomorrow or the day after tomorrow it will be clear," he said.
Anglo-Asian giant Standard Chartered Bank is expected to beat the only other remaining bidder, US investment company Farallon.
Opposition protests
The BCA sale has faced growing opposition this week, with about 4,000 of BCA`s 21,000 workers protesting against the sale in Jakarta on Monday.
They claim there will be big job losses and that the privatisation will only benefit foreigners.
A member of President Megawati`s cabinet said such protests could be grounds for cancelling the sale.
But Indonesia`s vice-president, Hamzah Haz, has reiterated that the sale will go ahead, saying it is a central demand of the IMF.
Wednesday, 13 March, 2002, 14:20 GMT
Indonesian bank privatisation finalised
Bank staff have protested against the sale
Indonesia has chosen the winning bid for a majority stake in Bank Central Asia (BCA) and will announce it this week, despite a background of rising dissent.
The sale is the country`s most significant privatisation since the Asian financial crisis in the late 1990s and a key requirement for International Monetary Fund (IMF) assistance.
"We`ve already got the winner, but it is not ethical if I reveal it now, because there are some administrative matters that have to be completed," State Enterprises Minister Laksamana Sukardi said.
"We are still going to announce the winner this week, maybe tomorrow or the day after tomorrow it will be clear," he said.
Anglo-Asian giant Standard Chartered Bank is expected to beat the only other remaining bidder, US investment company Farallon.
Opposition protests
The BCA sale has faced growing opposition this week, with about 4,000 of BCA`s 21,000 workers protesting against the sale in Jakarta on Monday.
They claim there will be big job losses and that the privatisation will only benefit foreigners.
A member of President Megawati`s cabinet said such protests could be grounds for cancelling the sale.
But Indonesia`s vice-president, Hamzah Haz, has reiterated that the sale will go ahead, saying it is a central demand of the IMF.
The winner is...
Farallon consortium wins BCA bid
JAKARTA (JP): U.S. investment firm Farallon CapitalManagement won the Bank Central Asia (BCA) tender, beating its close contender British-based Standard Chartered Bank Plc, a report said Thursday.
The Indonesian government -- in a joint ministerial press conference led by state enterprises minister Laksamana Sukardi -- announced on Thursday afternoon that Farallon would take over the majority 51 percent shareholding in BCA, which was once the largest private retail bank.
Farallon beat a consortium led by British-based Standard Chartered Plc. (U.STA), which was widely expected to win the bid.
Farallon will buy a 51% stake in BCA at Rp 1,775 per share or around IDR5.4 trillion in total. While Standard Chartered was reportedly offering lower price at Rp 1,250 per share.
Two foreign consortia, Farallon and Standard Chartered, were neck and neck as they vied for a majority stake in BCA after passing the first round, "fit-and-proper test" in late February.
The Indonesian Restructuring Bank Agency (IBRA) took over BCA after injecting the bank with government bonds to bail it out from the financial crisis in the late `1990s.
The government nationalized a number of banks, and selling them now should help it recover part of the bail out funds.
Picking BCA as the first bank to be sold was expected to generate investors` appetite for further sales of IBRA bank
Farallon consortium wins BCA bid
JAKARTA (JP): U.S. investment firm Farallon CapitalManagement won the Bank Central Asia (BCA) tender, beating its close contender British-based Standard Chartered Bank Plc, a report said Thursday.
The Indonesian government -- in a joint ministerial press conference led by state enterprises minister Laksamana Sukardi -- announced on Thursday afternoon that Farallon would take over the majority 51 percent shareholding in BCA, which was once the largest private retail bank.
Farallon beat a consortium led by British-based Standard Chartered Plc. (U.STA), which was widely expected to win the bid.
Farallon will buy a 51% stake in BCA at Rp 1,775 per share or around IDR5.4 trillion in total. While Standard Chartered was reportedly offering lower price at Rp 1,250 per share.
Two foreign consortia, Farallon and Standard Chartered, were neck and neck as they vied for a majority stake in BCA after passing the first round, "fit-and-proper test" in late February.
The Indonesian Restructuring Bank Agency (IBRA) took over BCA after injecting the bank with government bonds to bail it out from the financial crisis in the late `1990s.
The government nationalized a number of banks, and selling them now should help it recover part of the bail out funds.
Picking BCA as the first bank to be sold was expected to generate investors` appetite for further sales of IBRA bank
@broker*709
schade eigentlich, daß Du hier quasi als Alleinunterhalter
auftrittst.
Habe diesen Thread öfter besucht, finde ihn sehr interessant
Heute steht auch ausführlich im Handelsblatt über diese
Übernahme.
Interessant vor allem, dass die britischen Stand.Ch.Bank
immer noch dabei war, wo sie doch schon vor ewiger Zeit
bei Bk. Bali augestiegen war.
Wie auch immer,dies ist ein Meilenstein zur Gesundung
des indonesischen Bankensystems
Jetzt lohnt sich das lange warten
so long
schade eigentlich, daß Du hier quasi als Alleinunterhalter
auftrittst.
Habe diesen Thread öfter besucht, finde ihn sehr interessant
Heute steht auch ausführlich im Handelsblatt über diese
Übernahme.
Interessant vor allem, dass die britischen Stand.Ch.Bank
immer noch dabei war, wo sie doch schon vor ewiger Zeit
bei Bk. Bali augestiegen war.
Wie auch immer,dies ist ein Meilenstein zur Gesundung
des indonesischen Bankensystems
Jetzt lohnt sich das lange warten
so long
Ich finde es auch schade, dass ich immer alleine meine Nachrichten posten muss.
Vielleicht müssen sich die Kurse erst vervielfachen, damit die Massen wachgerüttelt werden. Sodann wird vermutl. wieder völlig überteuert eingestiegen.
So ist es halt :-(
Hier noch was zum BCA-Verkauf - es gibt immer noch grosses Misstrauen.
Jakarta shares outlook - Flat to lower on BCA sale/Tanjung case
Back to Index
--------------------------------------------------------------------------------
JAKARTA (AFX-ASIA) - Share prices are expected to open flat to lower amid
concerns over the sale of the government`s stake in PT Bank Central Asial to
Farallon Capital, dealers said.
They added political concerns are also emerging ahead of the Lower House
of Parliment (DPR)`s vote on the creation of a special commission to
investigate graft charges against Golkar chairman Akbar Tanjung.
On Friday, the composite index closed down 6.009 points or 1.3 pct at 467.
991 on volume of 1.3 bln shares worth 516.9 bln rupiah.
The rupiah was at 10,010/10,020 to the dollar, after opening at 9,960/9,
990.
A dealer with a major local brokerage said the BCA sale to Farallon "has
raised more questions that could make things wrose."
"It is good that we have sold huge assets but why we should sell to
Farallon?" he said.
The dealer said the main issue is whether Farallon is a long-term
investor.
"Of course, if they put in someone it will be enough to strengthen the
rupiah. But that`s not all we want," he said.
The dealer said the uncertainty surrounding the BCA sale, with Standard
Chartered unexpectedly losing the bid, could be worsened by political
uncertainty arising from the Tanjung case.
The parliament will decide on the creation of a special commission to
investigate Tanjung even with attorney general initiating legal proceedings
and detaining Tanjung.
"In such a situation, I think it is difficult for the market to make
gains today. It would be either flat or lower," he said, adding that should
violent protests break out at the parliament, the index could be in for a
sharp fall.
alo/tr
AFN
18Mar02 02:13 GMT
http://www.indoexchange.com/afx/" target="_blank" rel="nofollow ugc noopener">http://www.indoexchange.com/afx/
Copyright of AFX-Asia: Re-Distribution is strictly prohibited.
Want more? Check out http://www.indoexchange.com/afx for more information and samples.
If you have any question or comments, please contact us at: afx-feedback@indoexchange.com
Vielleicht müssen sich die Kurse erst vervielfachen, damit die Massen wachgerüttelt werden. Sodann wird vermutl. wieder völlig überteuert eingestiegen.
So ist es halt :-(
Hier noch was zum BCA-Verkauf - es gibt immer noch grosses Misstrauen.
Jakarta shares outlook - Flat to lower on BCA sale/Tanjung case
Back to Index
--------------------------------------------------------------------------------
JAKARTA (AFX-ASIA) - Share prices are expected to open flat to lower amid
concerns over the sale of the government`s stake in PT Bank Central Asial to
Farallon Capital, dealers said.
They added political concerns are also emerging ahead of the Lower House
of Parliment (DPR)`s vote on the creation of a special commission to
investigate graft charges against Golkar chairman Akbar Tanjung.
On Friday, the composite index closed down 6.009 points or 1.3 pct at 467.
991 on volume of 1.3 bln shares worth 516.9 bln rupiah.
The rupiah was at 10,010/10,020 to the dollar, after opening at 9,960/9,
990.
A dealer with a major local brokerage said the BCA sale to Farallon "has
raised more questions that could make things wrose."
"It is good that we have sold huge assets but why we should sell to
Farallon?" he said.
The dealer said the main issue is whether Farallon is a long-term
investor.
"Of course, if they put in someone it will be enough to strengthen the
rupiah. But that`s not all we want," he said.
The dealer said the uncertainty surrounding the BCA sale, with Standard
Chartered unexpectedly losing the bid, could be worsened by political
uncertainty arising from the Tanjung case.
The parliament will decide on the creation of a special commission to
investigate Tanjung even with attorney general initiating legal proceedings
and detaining Tanjung.
"In such a situation, I think it is difficult for the market to make
gains today. It would be either flat or lower," he said, adding that should
violent protests break out at the parliament, the index could be in for a
sharp fall.
alo/tr
AFN
18Mar02 02:13 GMT
http://www.indoexchange.com/afx/" target="_blank" rel="nofollow ugc noopener">http://www.indoexchange.com/afx/
Copyright of AFX-Asia: Re-Distribution is strictly prohibited.
Want more? Check out http://www.indoexchange.com/afx for more information and samples.
If you have any question or comments, please contact us at: afx-feedback@indoexchange.com
Ich bleibe vermutl. alleine, aber trotzdem gibt`s
New`s von mir !
Gov’t receives around $320 mln for BCA payment
Thursday, March/28/2002 17:46:39 GMT+7.
The Indonesia Bank Restructuring Agency (IBRA) said on Thursday it has received around $320 million in payment for a 30% stake of PT Bank Central Asia Tbk (BCA).
"It has been (deposited) in IBRA`s escrow account, around $320 million for payment of a 30% stake of BCA," Soebowo Musa, a senior official at the agency, told reporters.
The rupiah has made strong gains recently partly on expectation of higher dollar inflows into the small dollar/rupiah market as payments were made for a majority stake in the country`s largest retail bank and that money was ultimately converted to rupiah.
The purchaser was U.S. investment firm Farallon Capital Management, which is expected to pay for the remainder of a total 51% share in six months.
New`s von mir !
Gov’t receives around $320 mln for BCA payment
Thursday, March/28/2002 17:46:39 GMT+7.
The Indonesia Bank Restructuring Agency (IBRA) said on Thursday it has received around $320 million in payment for a 30% stake of PT Bank Central Asia Tbk (BCA).
"It has been (deposited) in IBRA`s escrow account, around $320 million for payment of a 30% stake of BCA," Soebowo Musa, a senior official at the agency, told reporters.
The rupiah has made strong gains recently partly on expectation of higher dollar inflows into the small dollar/rupiah market as payments were made for a majority stake in the country`s largest retail bank and that money was ultimately converted to rupiah.
The purchaser was U.S. investment firm Farallon Capital Management, which is expected to pay for the remainder of a total 51% share in six months.
DurchsuchenBeitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Investoren beobachten auch:
| Wertpapier | Perf. % |
|---|---|
| +0,92 | |
| +0,10 | |
| -0,50 | |
| +2,25 | |
| +0,46 | |
| +1,33 | |
| +0,29 | |
| -1,96 | |
| +1,82 | |
| +1,24 |
Meistdiskutiert
| Wertpapier | Beiträge | |
|---|---|---|
| 288 | ||
| 77 | ||
| 76 | ||
| 66 | ||
| 36 | ||
| 34 | ||
| 33 | ||
| 30 | ||
| 28 | ||
| 27 |
