Opportunity to Consolidate Bank Capital, Bank Aladin

Summary

The Capital Financial Group business arm PT Capital Life Syariah bought a 5.3 percent stake in digital Bank PT Bank Aladin Tbk (BANK), totaling 701.38 million shares. Capital Life is an affiliated company with PT Bank Capital Indonesia Tbk (BACA). This transaction is known from the list of shareholders with more than five percent ownership at the Indonesian Central Securities Depository (KSEI) as of Wednesday.

Capital Life Syariah acquired Bank Aladin's shares through two securities account holders, PT Pacific Sekuritas Indonesia and PT Bank Syariah Indonesia Tbk. About 611.53 million shares from Pacific Sekuritas and 89.85 million shares from Bank Syariah Indonesia were moved to Capital Life.

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