Daim’s ICB Financial Group is highest bidder for Indon bank

By C.S. Tan

FORMER Finance Minister Tun Daim Zainuddin and his company, ICB Financial Group Holdings Ltd (ICB), have been selected as the highest bidder in the sale of a 58.41% stake in PT Bank Bumiputera Indonesia Tbk. 

The tender offer for the divestment exercise, which closed on May 14, had attracted three bidders. 

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