Indonesia's Bapepam extends deadline for Maybank to sell BII stake

Indonesian market regulator Bapepam has extended the deadline for Malaysia's Maybank to sell down its stake in Pt Bank Internasional Indonesia to June 1 next year. 

Maybank, Malaysia's largest lender, said it could request for a further extension middle of next year if the sell down results in a potential loss of 10 percent of BII's original acquisition value.
The Malaysian bank paid over $2 billion to take over the Indonesian lender, a move that analysts had criticised as being too pricey.Source: Reuters