Tanjung's CT Corp is offering to purchase all of Visi Media Asia from the Bakrie family. One of Indonesia's rising conglomerates CT Corp has offered an all-cash deal for the controlling stake in PT Visi Media Asia.
Tags: Indonesia
Oil Blocks Made Available by Indonesian Government for Bidding
In an announcement, oil blocks in Indonesia are now available for bidding. The Indonesian government announced the opening of a rights tender for twenty one oil and gas exploration blocks last Friday.
SMBC Acquires 40% of BTPN
SMBC formalizes acquisition of 40% of BTPN. Sumitomo Mitsui Banking Corp has agreed to acquire nearly 40% of BTPN the Indonesian financial institution.
Indonesia's Saratoga Investama Sedaya Holds IPOs for Owned Firms
PT Mitra Pinasthika Mustika, which is owned by Saratoga Investama Sedaya holds IPOs for its firms. Automotive distribution conglomerate PT Mitra Pinasthika Mustika of Indonesia is planning to raise about 2 trillion rupiah or US$206 million through an initial public offering in May.
First Shariah Bank Listing in Indonesia
The first IPO for a Shariah banking institution would be held by the second quarter of 2013. PT Bank Muamalat Indonesia Syariah, the Indonesian Shariah lending institution, is aiming to raise nearly US$300 million through an initial public offer.
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The interest of CVC Capital Partners is being sold in the market drawing much interest. CVC Capital Partners, who is backed up by Och-Ziff Capital Management Group LLC and Schroders, the asset manager, has raised US$200 million in pledges.
