Lippo Bank Sale Postponed

The intentions of the IBRA Chairman, Syafruddin Temenggung, were clarified when he declared that he will not offer put option rights on Lippo Bank shares. The put option mechanism prioritises the resale of shares to their former owners.

This decision follows a dispute between the government and the bank’s shareholders concerning the value the shares. On behalf of the government, Minister of Finance Boediono has