Waiting for the New Skipper

IBRA has managed to scoop up four bidders to take part in the tender for the divestment of 51 percent of Bank Niaga shares. Who is the strongest of the four?

April 23, 2002

ALL the hullabaloo over the divestment of Bank Central Asia (BCA) is now very much a thing of the past. In complete contrast, the atmosphere surrounding the Bank Niaga divestment is cool, calm and collected. The long wait for the bank's 3,300 employees—to find out who the owner of the majority 51 percent share in Bank Niaga will be—is almost over. Last week, the Indonesian Bank Restructuring Agency (IBRA) announced that a total of fo

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