UBS, Danareksa win Permata mandate

The last of the big Indonesian bank sales gets into gear.
May 17, 2004

After a hotly fought contest, the government of Indonesia has mandated UBS and Danareksa to advise it on the sale of Bank Permata. Local observers say a verbal mandate was given out on Friday, although nothing official has been announced yet and neither bank is able to confirm the mandate.

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