The Jakarta Post - Indonesian conglomerate Bosowa Corporation announced on Monday that it was increasing its stake in mid-sized lender Bank Bukopin (BBKP) to expand its financial wing.

Bosowa, founded by renowned businessman Aksa Mahmud, who is also former deputy speaker of the People’s Consultative Assembly (MPR) from the Golkar Party, expects its ownership to increase to 30 percent from the current 18.57 percent, the company announced.

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