CIMB has been evaluating options for CIMB Niaga amid challenges in meeting Indonesia’s minimum public shareholding requirements.PETALING JAYA: CIMB Group Holdings Bhd has denied media reports that it is mulling the privatisation of its Indonesian subsidiary PT Bank CIMB Niaga Tbk (CIMB Niaga).
In a statement today, the banking group stressed there was no formal proposal for the potential privatisation of CIMB Niaga and that no decision has been made.
“CIMB Niaga remains an integral part of the group’s regional footprint, and the group remains committed to its operations in Indonesia,” it said.
The statement was in response to news reports citing research analysts who attended a briefing led by CIMB chief financial officer Khairul Rifaie recently.
