Alluring Local Investments
Two US investment giants are fighting over businesses in Indonesia. Texas Pacific is targeting Garuda and Bank Tabungan Pensiunan Nasional.
May 15, 2007
THERE is no air-conditioning in the room. The size of the room is only about 16 square meters. There’s a meeting table and eight chairs fighting for space there. However, who would believe that from such a “simple” room as this in an office block in the heart of the city of Shenzhen, China, Bomin Wang, Finance Director of the Shenzhen Development Bank Co Ltd (SDB), reigns.
With assets of around Rp280 trillion, SDB is now one of the 10 larg
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