Farallon raises $330 mln from BCA stake sale-source
SINGAPORE, June 26 (Reuters) - Farallon Capital Management raised 3.38 trillion rupiah ($332.7 million) from the sale of 986.03 million shares in Indonesia's PT Bank Central Asia (BCA)(BBCA.JK) on Friday, a source familiar with the deal said.
The shares were priced at 3,425 rupiah each, a 10.5 percent discount to its closing price on Thursday, and at the bottom of their expected range of 3,425-3,650 rupiah, said the source who was not authorised to speak publicly about the deal.
The number of shares represented around 4 percent of BCA's share capital, according to Reuters calculation based on data shown on BCA's Website.
Credit Suisse (CSGN.VX) handled the block placement, the source told Reuters without elaborating the reason why Farallon sold the shares.
Indonesia's Hartono family, who owns the country's third largest tobacco company, Djarum Group, controls 51.15 percent of BCA.
The bank has a total assets of 247.8 trillion rupiah as of March.
BCA shares ended 7.2 percent lower on Friday at 3,550 rupiah, while the broader market .JKSE finished 0.2 percent down. (Reporting by Saeed Azhar, writing by Harry Suhartono; editing by Lincoln Feast)
