BUSINESS INFORMATION - State Minister for State Owned Enterprises Sofyan Djalil said it had appointed executor of emissions underwriters

BUSINESS INFORMATION - State Minister for State Owned Enterprises Sofyan Djalil said it had appointed executor of emissions underwriters (underwriter) for initial public offerings (initial public offering / IPO) of shares of PT Bank Tabungan Negara (BTN).

He explains, Ministry of State Owned Enterprises as the power of state-owned shareholders stacking Government Regulation (PP) which (PP) that regulate the appointment of BTN IPO underwriters.

Sofyan not specify a securities company in question.

He only ensure that one member of the underwriting consortium is a state-owned securities.

We have three state-owned securities of Mandiri Securities, Bahana Securities and Danareksa Securities.

Government and the Parliament approved the BTN is doing an IPO in 2009, with shares off about 30 percent of shares to the public with an IPO of funds estimated at Rp2 trillion.

Information circulated one BTN IPO underwriter is PT Danareksa Securities.