PT Bank Pan Indonesia Tbk (PNBN.JK)

Exclusive-ANZ, Gunawan family consider selling control of Indonesia's Panin Bank, sources say

Australian lender ANZ and Indonesia's Gunawan family are considering selling a combined controlling interest in Jakarta-listed Bank Pan Indonesia Tbk PT (Panin Bank), in which they each hold substantial stakes, three sources with knowledge of the matter said. The Gunawan family, which founded the bank in 1971, would be open to paring down their own 46.52% stake and selling control of the bank, the three sources said. The founding family's decision aligns with the Australian lender, which had attempted to exit the bank for years to no avail due to valuation concerns.