Panin Bank Owner Maintains No Plan to Sell Stake

Customers of Bank Pan Indonesia (PANIN) conduct transactions at the banks branch in Jakarta April 4, 2011. Bank Pan Indonesia, the nations seventh largest lender, is drawing interest from European and Asia-Pacific banks including Australian and New Zealand Banking Group for its founders 46 percent stake, deputy chief executive officer Roosniati Salihin said. To match Interview PANIN.

Indonesia's Gunawan family maintained Thursday it has no plan to sell its stake in PT Bank Pan Indonesia, or Panin Bank, despite receiving bids from several offshore investors, a senior official said.
“We have no need to sell Panin Bank,“ Fadjar Gunawan, president director of PT Panin Financial, the largest shareholder of the bank.
“You knew already that since 2008 there are many (investors) asking (about the stake),“ he told Dow Jones Newswires.
Talks have been abound that several international banks have approached the Gunawan family, seeking to buy its stake in Panin Bank in recent years. An official with Korea Development Bank told Dow Jones Newswires in February that the bank sought to establish a holding company with Panin Financial to jointly operate Bank Panin. But the talks collapsed due to differences over financial terms.
Panin Financial, which is controlled by the Gunawan family, owns 44.68% stake in the middle-sized lender based on assets while Australia & New Zealand Banking Group (ANZ.AU) owns 38.82% and the public the remaining 16.5%.