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Qatar National Bank May Buy 82% of Kesawan Through Rights Offer

Oct. 1 (Bloomberg) -- Qatar National Bank SAQ may buy a stake of as much as 82 percent in Indonesia’s PT Bank Kesawan through a rights offer in the first quarter of 2011, Kesawan said in a statement published in Bisnis Indonesia today.

Qatar National Bank will be the standby buyer in the 734 billion rupiah rights offer, Kesawan said.

Link to Company News:{QNBK QD <Equity> CN <GO>} Link to Company News:{BKSW IJ <Equity> CN <GO>}

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net

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