JAKARTA. PT Bank Negara Indonesia (Persero) Tbk (BBNI) will acquire 63.92% of PT Bank Mayora to promote the establishment of a digital bank through an inorganic strategy.
In the detail of the acquisition plan that was released through media last week, the acquisition was said to involve 1.19 billion shares. They comprise 1,029,151,550 new shares or 54.90% of all issued and paid-up capital of Bank Mayora, and 169,078,288 shares initially belonged to International Finance Corporation (IFC).
The purpose of this acquisition of Bank Mayora is to facilitate the public’s digital transaction, which aligns with the company’s transformation strategy to introduce a bank digital via an inorganic scheme. As a result, Bank Mayora will indeed be transformed into a digital bank.
BNI plans to fund the acquisition of Bank Mayora using its internal cash, which is its retained earnings or BBNI’s wealth. Then, after this acquisition, Bank Mayora’s shareholder structure will consist of PT Mayora Inti Utama of 36.08% and BBNI of 63.92%. (AM/ZH)