Reiterating interest on acquiring Bank Bukopin (BBKP) and stock split plan
BBRI’s CEO, Sofyan Basir, confirmed the bank’s interest on acquiring Bank Bukopin (BBKP) and estimated that the process will be finalized next year. BBRI stated that it is viewing BBKP acquisition as a long-term strategy to expand business as opposed to Jamsostek, who views BBKP as a short to medium investment target. On another remark, BBRI also confirmed about stock split plan with ratio 1:2 or 1:4 with exercise price assumption of Rp10,200/share. BBRI will seek shareholders’ approval on BBKP acquisition and stock split agenda in EGM in November 2010.
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