Dubai Islamic Bank in talks for 40 pct stake in Indonesian lender -CEO
May 1 (Reuters) – Dubai Islamic Bank (DIB) is in talks with a publicly-listed Islamic bank in Indonesia to take a 40 percent stake, DIB’s chief executive said on Thursday.
Adnan Chilwan told reporters that DIB hoped to conclude a deal before the end of the year and that it would pay for the purchase using its own cash reserves.
He declined to name the acquisition target.
Source: http://www.reuters.com/article/2014/05/01/dib-indonesia-acquisition-idUSL6N0NN1ZM20140501
A Blog for Browsing Mining, Mineral Processing, and Metals Info 