Bloomberg.com, 27 Sep 2008, Berni Moestafa
Sept. 27 (Bloomberg) -- Temasek Holdings Pte said it offered a S$236.4 million ($166 million) rebate to Malayan Banking Bhd. to improve the terms of an Indonesian stake sale, which wasn't accepted at yesterday's deadline for the transaction.
Temasek improved the terms for the controlling stake in PT Bank Internasional Indonesia after Malayan Banking or Maybank said the Malaysian central bank had blocked the $2.7 billion deal this week, on concern it would suffer losses as global asset prices fell. Maybank is Malaysia's biggest bank by assets.
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Maybank Has Not Accepted Improved Offer On BII, Says Fullerton - Bernama, 27 Sep 08
