How Will BNI Develop Bank Mayora?

By Editorial Team 24/01/2022
BNI
Summary

PT Bank Negara Indonesia Tbk (BNI) publicly announced its plan to acquire Bank Mayora. Citing the recently published prospectus, BNI will acquire 1.19 billion shares of 63.92 percent stake in PT Bank Mayora. BNI will seek shareholder approval for the acquisition plan at the general meeting of shareholders on March 15, 2022.

BNI will become Bank Mayora's new investor by taking over 1.02 billion new shares issued by Bank Mayora. Then, BNI will buy 169.07 million shares owned by the International Finance Corporation (IFC), a company affiliated with the World Bank.

"BNI's Bank Mayora takeover will be financed by internal funding from funds stored as retained earnings," BNI management wrote in the prospectus, Saturday (1/22).

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