The Acquisition is Finally Cancelled
Tuesday, November 27, 2001
There are several valuable lessons to be learnt from the cancellation of the acquisition of BII. Also, it would be best if its second recapitalization stage is only carried out once.
arsip tempo : 178045244998.
THE deadline of 12 October 2001 for the acquisition of Bank Internasional Indonesia (BII) has now passed. Bank Mandiri is still busy working the financial implications and the price it would have had to pay out if it had in fact bought this bank that is loaded down with the non-performing loans (NPLs) of the Sinar Mas Group. When the government was forced to save BII for the second time on 12 November, it was difficult to know if the acquisition ...
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