MID EAST INVESTOR TARGETTING ASIA
Filed Under: Business, World | Posted: 06/09/2008 at 7:03AM
Comments | Region: Indonesia
Recently i heard many local firm sold part of their ownership to the foreign firm in indonesia. Mandala Airlines, Indonesia Air Asia, Telkomsel, Niaga bank merger with Lippobank under Maybank and the last one is Indosat sold 40% of capital ownership to Qatar Telecomunication. The 40 % ownership actually owned by Asia Mobile Holding PTE. LTD based in Singapore. Qtel based in Qatar purchased the equity for Sing $ 2,4 billion wortth to USD 1,8 billion. Qtel bussiness had been run in 16 countries with 44 million of customers in the world. Lately, firms acquisition and merger much more related with mid east huge transaction near future. Niaga Bank and Lippobank merge with Maybank might related to this huge transaction in the future said one of the economic and banking expertize.