Wednesday, August 30, 2006

ACOM & Tokyo-Mitsubishi acquire Bank Nusantara Parahyangan

ACOM Ltd and Bank of Tokyo-Mitsubishi UFJ to acquire more than 50% shares of PT Bank Nusantara Parahyangan at 8 billion yen.

ACOM and BTM UFJ wrote to JSX today that both companies are in negotiation to buy Bank Nusantara, a bank with total asset of Rp2.9 trillion as of June 30, 2006. The bank is controlled by Hermawan family through various companies at around 49%.

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