Monday, August 10, 2009

Bank Islam bids for Bank Muamalat stake-paper

KUALA LUMPUR -
Malaysia's Bank Islam is in talks with several stakeholders in Indonesia's PT Bank Muamalat and wants to take control of the Indonesian Islamic bank, the Business Times reported on Monday.

Without citing named sources, the newspaper said that Bank Islam was close to a deal with at least one of the stakeholders.

No one from Bank Islam was immediately available for comment.

Bank Muamalat's main shareholders are based in the Gulf and it had a net profit of 207 billion rupiah ($20.93 million) in 2008, the paper said.

No comments: