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Article: Indonesia : INDONESIA S BANK MANDIRI EYEING CONTROLLING STAKE IN AXA MANDIRI.
- Article from:
- TendersInfo
- Article date:
- September 30, 2009
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Indonesia's PT Bank Mandiri (JSX:BMRI) said it is set to have controlling stake in life insurance company PT Axa Mandiri Financial Service (AMFS), it owns jointly with a French partner.
The state bank and the country's largest lender in assets, owns 49 per cent of Axa Mandiri and France's AXA holds the majority 51 per cent share.
Agus Martowardojo, the president of Bank Mandiri said the bank wants to acquire ...