Dutch bank, Rabobank, canceled plans to sell one of its business units, namely Rabobank Indonesia. The company said its market share in Indonesia is quite good.
"We did a strategic review. Sales [branches in Indonesia] is one option. However, [the plan] is now not an option, "said a spokesman for Rabobank, Roelina Bolding as quoted from the WSJ, Friday (28/06/2013).
sale Rabobank Indonesia When done, Rabobank is expected to pocket the funds up to 400 million U.S. dollars .
"We are considering various options for Rabobank Indonesia, including the sale and we are aware of Indonesia deliver more growth opportunities for Rabobank in Asia," said Bolding.
Meanwhile, sources said potential investors who want to buy Rabobank Indonesia blocked new regulations regarding the ownership of shares applicable in Indonesia.
As known, Bank Indonesia to limit foreign ownership in banks to 40%. However, buyers are considered healthy investor can acquire up to 99%.
Rabobank Indonesia sales process has been started since the end of last year. The move attracted investors from Australia, the Middle East, Canada, and Asia.
however, prospective buyers fear they will not be able to fully control the bank due to ownership restrictions.
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