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BCA

Down to the Wire

Tuesday, February 19, 2002

Only Farallon and Stanchart are left in the final round of the battle for BCA. What in fact happened to GKBI and Bank Mega?

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THE advance of the two strongest competitors—Farallon and Standard Chartered Bank (better known as Stanchart)—into the final round has made the race for BCA tighter than ever before. By the end of last week, Farallon had the advantage. Why? Because the consortium's head, Raymond Zage III, had stated his willingness to accept the Indonesian government's decision to withdraw recapitalized bonds worth Rp58 trillion, prior to selling off

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