Mandiri Aims for the Top
The purchase of Bank Permata shares has entered due diligence process. Standard Chartered, Astra and Mandiri high-ranking officials met in Singapore to discuss the acquisition plan.
It took Kartika Wirjoatmodjo three months to admit that Bank Mandiri had begun the process of buying PT Bank Permata Tbk. After weeks of avoiding reporters’ questions, the Mandiri CEO finally gave some details. On Monday night, April 8, he announced that the due diligence result will be revealed this month.
The statement Kartika—or Tiko, for short—gave confirmed the rumors that have been circulating. Since the begi...