PE firms bid for PT BFI Finance Indonesia: Bloomberg

PE firms are vying with suitors across Asia to buy an Indonesian lender PT BFI Finance Indonesia, Bloomberg is reporting. PE firms such as Warburg Pincus along with Cathay Financial and Shinhan Financial Group are bidding for BFI Finance, which is backed by TPG, the story said. Trinugraha Capital, which owns BFI, is looking to sell 43 percent of the lender and has received at least 10 bids, Bloomberg said.