Bloomberg.com, 30 Sep 2008, Soraya Permatasari and Dinakar Sethuraman
Sept. 30 (Bloomberg) -- Malayan Banking Bhd., which missed the deadline last week on a $2.7 billion takeover of an Indonesian bank, will proceed with the purchase after Temasek Holdings Pte and Kookmin Bank ``renewed'' the discounted offer.
Maybank, as Malaysia's biggest bank by assets is known, plans to complete the acquisition of PT Bank Internasional Indonesia by today after Temasek and Kookmin renewed the offer of a 15 percent rebate on their stake, equivalent to S$315.2 million ($220 million), Maybank said in a stock exchange statement. The amount is similar to a revised offer on Sept. 26.
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