Munich EUR

PT Bank Pan Indonesia Tbk (PTQ.MU)

0.0825

0.0000

(0.00%)

At close: April 25 at 8:11:12 AM GMT+2

DBS frontrunner in race to acquire stake in Indonesia’s Panin Bank

The sale reportedly includes stakes owned by Australia's ANZ and the founding Gunawan family.

Retail Banker International 30 days ago

DBSDY

PNBN.JK
DBS leading race to buy controlling stake in Indonesia's Panin Bank, sources say

DBS Group, Southeast Asia's top bank by assets, is the frontrunner to buy a controlling stake in Indonesia's Panin Bank, three people with knowledge of the matter said. The Singapore lender was competing with Malaysia's CIMB Group in the second round of the bidding process, according to one of the people. Roughly 86% of Panin Bank, Indonesia's 12th largest lender, is up for sale.

Reuters last month

PNBN.JK

DBSDY
OCBC, CIMB seek stake in Indonesia’s Panin Bank

OCBC and CIMB submitted non-binding offers for stakes owned by ANZ and the Gunawan family, the bank's founders.

Retail Banker International 4 months ago

PNBN.JK

OVCHY
Exclusive-ANZ, Gunawan family consider selling control of Indonesia's Panin Bank, sources say

Australian lender ANZ and Indonesia's Gunawan family are considering selling a combined controlling interest in Jakarta-listed Bank Pan Indonesia Tbk PT (Panin Bank), in which they each hold substantial stakes, three sources with knowledge of the matter said. The Gunawan family, which founded the bank in 1971, would be open to paring down their own 46.52% stake and selling control of the bank, the three sources said. The founding family's decision aligns with the Australian lender, which had attempted to exit the bank for years to no avail due to valuation concerns.

Reuters 6 months ago

PNBN.JK

Performance Overview

Return	PTQ.MU	IDX COMPOSITE (^JKSE)
YTD	-21.43%	-5.66%
1-Year	+35.25%	-6.66%
3-Year	-100.79%	-7.44%

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PT Bank Pan Indonesia Tbk (PTQ.MU)

DBS frontrunner in race to acquire stake in Indonesia’s Panin Bank

DBS leading race to buy controlling stake in Indonesia's Panin Bank, sources say

OCBC, CIMB seek stake in Indonesia’s Panin Bank

Exclusive-ANZ, Gunawan family consider selling control of Indonesia's Panin Bank, sources say

Performance Overview