HEADLINE NEWS

HEADLINE NEWS :


*DJ Saratoga Leading In Bid to Buy 41.4% Stake in Bukopin - Sources

By I Made Sentana and Linda Silaen
JAKARTA--Indonesian private equity firm Saratoga Capital is leading the race to buy 41.4% of PT Bank Bukopin (BBKP.JK), in a sale that could raise at least $410 million for the two employee groups that own it, two people familiar with the matter said Thursday.
  The stake in Bukopin, a commercial bank, is the latest in a string of bank
assets put up for sale in Indonesia that has attracted strong interest both
domestically and overseas. Others that have been launched for sale include
Rabobank Group's Indonesian subsidiary, which could go for as much as $400 million, and a $1.8 billion stake in PT Bank Tabungan Pensiun Nasional (BTPN.JK) held by private-equity firm TPG Group, according to people familiar with the matter.
  One of the people told Dow Jones Newswires that Jakarta-based Saratoga is offering between 1,180 rupiah ($0.12) and 1,460 rupiah for each Bukopin held by two groups--Kopelindo, a cooperative of the employees of state-owned food logistics agency Bulog, and Yabinstra, a foundation owned Bulog employees.
  Bukopin shares were unchanged at 900 rupiah at 0745 GMT.
  Saratoga will settle on a final price once it has finished due diligence on
the bank, the person said.
(DOW JONES NEWSWIRES)         



*Bank Danamon 1Q Net Income Gains 12% to 1t Rupiah,
Net interest income rose 10% to 3.3t rupiah from yr ago, President Director Henry Ho tells reporters in Jakarta today. (BLOOMBERG)


*Total penyaluran kredit BDMN QI/13 mencapai Rp117 triliun, naik 11 persen dibanding tahun lalu.