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BCA

Continuing Controversy

Tuesday, March 12, 2002

Just when the BCA bid appeared to be finalizing, the State Minister of State-Owned Enterprises and IBRA's Chairman crossed words over the process. What now?

arsip tempo : 173511085345.

. tempo : 173511085345.

The sale of Bank Central Asia (BCA) is becoming more theatrical by the day. The process of purchasing BCA's 51 percent stake has reached the final stage. Two surviving bidders have been named: Farallon Indonesia and Standard Chartered Bank (Stanchart). IBRA's chairman had planned to announce the winner this week. But at the last minute, the goalpost was once again changed.

It is not clear who or what made him do it, but the State Minister of

...

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