Dubai Islamic Bank completes 24.9 pct stake buy in Indonesian lender
(Reuters) – Dubai Islamic Bank has completed the acquisition of a 24.9 percent stake in Bank Panin Syariah and will now seek regulatory approval to increase its holding in the Indonesian lender to 40 percent, it said on Monday.
The largest Islamic bank in the United Arab Emirates has bought 2.42 billion shares in the only listed sharia-compliant bank in the southeast Asian nation, it said in a stock market filing. No purchase price was given.
Read more at: http://www.reuters.com/article/2014/06/09/dib-bank-panin-idUSL5N0OQ1ZD20140609
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