Patrick Walujo of PT Northstar Pacific Partners (Indonesian division of Texas Pacific Group) signed a Letter of Intent and Exclusivity in the last week of December 2006 to purchase a 76% stake of PT Bank Tabungan Pensiunan Nasional (BTPN) Tbk from companies directly and indirectly controlled by PT Recapital Securities, included in the deal is a refinancing of acquisition facility from Credit Suisse First Boston. BTPN was formerly owned by the Bakrie family prior to the 1997 Asian crisis. But Northstar denied!
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