Acquisition & IPO

The Industrial Bank of Korea (IBK) is set to acquire 71.68% shares in PT Bank Mitraniaga (NAGA). IBK plans to add ownership in NAGA by 15.02%. Current shareholders of NAGA are Willy Yonathan (72.07%), PT Sarana Steel (9.89%), Kamtono Kosasih (5.1%), and public investors (12.94%).

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