REPUBLIKA.CO.ID, JAKARTA - Seven investors are interested to acquire Ex-Century Bank -it was renamed as Mutiara Bank. Chairman of the Committee on the Sale of Shares of Mutiara Bank at Indonesia Deposit Insurance Corporation (LPS), Mirza Mukhtar said the seven investors had included all required documents to Danareksa Securities as financial advisor.
"They are still under consideration," Mukhtar said on Friday.
LPS finds it difficult to sell the former Century Bank. LPS seeks investeros through some non-deal road shows during the last four months to Asian countries, such as Vietnam, Korea, Japan and Hong Kong, as well as Middle Eastern countries.
LPS has the deadline until November this year to divest Mutiara Bank with at least as much as 6.7 trillion IDR. The price is the cost needed to rescue Century Bank. If LPS fails to sell the bank this year then the price can slide in the next year.
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