BRIEF: Government to sell Bank Mandiri rights
Bank Mandiri, an Indonesian bank, is preparing to launch a rights issue this week that could raise up to Rph14.4tr ($1.6bn). But the Indonesian government will not take up its entitlement and plans to sell the new shares.
Mandiri will issue 2.3bn new shares at between Rph4,000 and Rph6,150 each, diluting the government’s stake — and those of other investors that do not take up their rights — by about 10%.
Securities firms Danareska and Mandiri Sekuritas will sell the government’s entitlement in a share placement to
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