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Home › UPDATE 1-TPG sells stake in Indonesia's BTPN to Sumitomo for $462 mln

 

UPDATE 1-TPG sells stake in Indonesia's BTPN to Sumitomo for $462 mln

2015-02-18 16:13:38| Grocery - Topix.net

Private equity firm TPG Capital has sold a 17.5 percent stake in PT Bank Tabungan Pensiunan Nasional Tbk to an affiliate of Japan's Sumitomo Corp for 5.93 trillion rupiah . TPG Nusantara sold 1.02 billion BTPN shares at 5,800 rupiah apiece, a 43 percent premium to the last traded price, to Summit Global Capital Management, BTPN said in a filing to the Indonesian stock exchange on Wednesday.

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