HSBC sets tender offer price for Indonesia bank

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JAKARTA | Mon May 25, 2009 12:08am EDT

JAKARTA May 25 (Reuters) - HSBC (HSBA.L) has set a tender offer price of 2,652 rupiah ($0.258) per share for the remaining shares in Indonesia's Bank Ekonomi Raharja Tbk (BAEK.JK), the chief executive of HSBC Indonesia Rakesh Bhatia said on Monday.

($1 = 10,290 rupiah) (Reporting by Tyagita Silka; Writing by Dicky Kristanto; Editing by Ed Davies)

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