SINGAPORE/HONG KONG: The sale of a controlling stake in Jakarta-listed Bank Pan Indonesia or Panin Bank by ANZ and Indonesia's Gunawan family has stalled due to a mismatch on pricing, three sources with knowledge of the matter said.
The combined stake represents roughly 86% of Panin Bank, which was worth about $1.45 billion based on Friday's share price of 1,140 rupiah per share on the Jakarta Stock Exchange.
