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Bukopin borer, Jamsostek Prepare USD 500 M

NUSA TWO, KOMPAS.com - President Director of PT Jamsostek, Hotbonar Sinaga, said the company is studying the possibility of that country to buy 30 percent stake in Bank Bukopin and prepare fund the purchase of between Rp 300 billion to Rp 500 billion.

"Stage due dilligence 'just is not finished. But we're getting ready only, in accordance with the wishes SOE Ministry has stated some time ago," he said, as quoted by Antara in Nusa Dua, Bali, on Thursday (13/05/2010).

According Sinaga, who put up the funds would be spent on the stock with a range of 20 to 30 percent ownership in the body Bukopin. Currently the feasibility stage of the review and is being conducted and the results will be reported to the Ministry of SOEs.

"There are two securities firms that we will invite, namely PT Danareksa and PT Bahana Securities. Both will be assessed fairly and to be determined which ones will become partners in the process of transfer of shares of Bank Bukopin it," he said.