BlackRock Quietly Scoops Up Hundreds of Millions Stakes in Bank Mandiri (BMRI)

BlackRock Quietly Scoops Up Hundreds of Millions Stakes in Bank Mandiri (BMRI)

BlackRock has increased its stake in Bank Mandiri to 1.46 billion shares, reflecting confidence in the bank's performance despite a 9.7% profit decline.

(Bisnis.Com) 01/01/70 07:00 75147

Bisnis.com, JAKARTA — The stealthy accumulation of hundreds of millions of shares in PT Bank Mandiri (Persero) Tbk. (BMRI) by a global investment heavyweight has come under the spotlight.

BMRI’s equity outlook has captured the interest of BlackRock Inc., one of the world’s largest asset management firms.

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