Bank Muamalat’s Acquisition by PADI Reached Final Stage

PT Minna Padi Investama Sekuritas, Tbk (PADI IJ) and PT Bank Muamalat have annouced it will enter a conditional takeover agreement, since Minna Padi became a standby buyer through Pre-emptive Rights scheme or a right issue. For the record, after this corporate action, Minna Padi will have Bank Muamalat’s shares up to 51%, or equivalent to IDR4.5trn.

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