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News Release - 29 Sep 2003
News Release - 29 Sep 2003
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Keep abreast with the latest at UOB
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UOB Submits Non-binding Bid For Stake In Indonesian Bank
Singapore, 29 September 2003 - United Overseas
Bank Limited ("UOB") has submitted a non-binding preliminary bid for a 51% strategic
stake in PT Bank Internasional Indonesia TBK which is proposed to be divested
by the Indonesian Bank Restructuring Agency ("IBRA"). UOB has been invited by
IBRA to proceed to the next stage of the process and will conduct due diligence
before deciding whether to submit a final bid.
For more information, please contact:
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