Jakarta, 20 November 2006 (ANTARA) - The Finance Minister has assigned PT Perusahaan Pengelola Aset (Persero) (PPA) to conduct the necessary preparation to release 5,22% share owned by the goverment to PT Bank Internasional Indonesia Tbk (BII) and plus 1 lot goverment's share to PT Bank Lippo Tbk (Bank Lippo) through market placement mechanisme.
Both releasement of whole goverment share residue was one of the way to fulfill expense post in State Budget-year 2006. Goverment's share release to BII will be done according to the Goverment Regulation Number 33 Year 2004 about the disposal of share owned by the Goverment of Republic Indonesia to PT Bank Permata Tbk, PT Bank Central Asia Tbk, PT Bank Internasional Indonesia Tbk, PT Bank Niaga Tbk, and PT Bank Danamon Indonesia Tbk. It is so happens that the disposal of Goverment's share to PT Bank Lippo Tbk will be conducted according to the Goverment Regulation Number 10 Year 2006 about the disposal of share owned by the Goverment of Republic Indonesia to PT Bank Permata Tbk and PT Bank Lippo Tbk also according to the result of Coordination Meeting of Commision XI DPR/House of Representatives Republic of Indonesia with the Finance Minister dated September 28, 2005.
To succeeded in this share divestation program, the Finance Minister have asked PPA to immediately schedule the share releasement with a continual concerning market momentum to obtain an optimal result for the Nation and also to meet the Good Corporate Governance idealism.