Exclusive-ANZ, Gunawan family consider selling control of Indonesia's Panin Bank, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Should l Buy ?
Source: Yahoo Finance
Potential Sale of Bank Pan Indonesia: ANZ and the Gunawan family are considering selling their controlling interest in Bank Pan Indonesia, with a combined stake valued at approximately $2 billion. Citigroup has been appointed to manage the sale process.
ANZ's Strategic Exit: This move aligns with ANZ's strategy to divest low-returning business lines in Asia, as they have been attempting to exit their investment in Panin Bank since 2013 due to valuation concerns.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
