JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BTN) has started the acquisition process of Islamic commercial banks, namely PT Bank Victoria Syariah (BVIS). In this corporate action, BTN will take over 100 percent stake in Bank Victoria Syariah ownership.
President Director of PT Bank Tabungan Negara (Persero) Tbk (BBTN), Nixon Napitupulu, said that his party plans to invite Islamic religious organizations to become one of the shareholders.
For your information, the acquisition of Bank Victoria Syariah was carried out to become a new Islamic commercial bank. BTN will later separate or spin-off its sharia business unit (UUS), namely BTN Syariah and combine it with Bank Victoria Syariah to become a stand-alone Islamic commercial bank (BUS), not just a BTN UUS.
"Later we will invitate, if there are no problems, we plan to install one of the large Islamic organizations in Indonesia to jointly own it," said Nixon after the Christmas celebration of the Ministry of SOEs at Jiexpo Kemayoran, Jakarta, Monday, January 20.
Even so, Nixon was reluctant to reveal the name of the Islamic organization that would be invited to own the shares. However, he said the organization already had a big name.
"We don't have the courage to talk yet, but we can guess," he said.
On the other hand, Nixon explained that the acquisition process for Bank Victoria Syariah had entered the stage of signing the Conditional Sale Agreement (CSPA). The target is that the acquisition can be ratified after the BTN General Meeting of Shareholders (GMS) which will be held on March 14, 2025.
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After the acquisition, continued Nixon, the process of spin-off of the BTN sharia business unit (UUS) aka BTN Syariah will begin. The target is that the spin-off process can be completed in the first semester of 2025.
"We hope that all the processes can be completed. If nothing goes wrong, the name is also a plan, in the first semester of 2025," said Nixon.
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