RHB notes that the bank’s largest shareholder is the Gunawan family with a 46% stake. The family is reportedly open to selling a portion of its stake as well.
The key attraction for acquisition of Bank Pan Indonesia (Panin Bank) is its size, given the scarcity of such stakes in the market, says RHB Bank Singapore in response to news that various banks in Singapore, Malaysia and Japan are looking to purchase a stake in the Jakarta-listed bank.
Among the banks that are reported to be keen on the acquisition are DBS Bank, Oversea-Chinese Banking Corp (OCBC), CIMB Bank and Maybank. The stake up for grabs is ANZ Group Holdings’ 38.8% holding in the Indonesian bank.
