Research

BRIS: A New M&A Favorite?

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Algo Research Team

Company | Feb 15, 2023 | Views: 173

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Key Summary:

  • Growing Syariah banking industry
  • BRIS is the largest Syariah bank in Indonesia
  • Who will buy?

BRIS (Bank Syariah Indonesia) is up +22% this week as recent news emerges that according to the Vice Minister of SOE, there could be a potential new strategic investor while 2 existing investors, BBRI and BBNI, will gradually sell their stakes in order to increase free float (liquidity) in the market. It seems to us that M&A will be the trend for SOE companies in 2023 as we suspect that the government will want to unlock value on these companies before 2024 election. With this in mind, how attractive is BRIS as an M&A target?


A growing Syariah banking industry

How was our research?

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