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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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