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Japan's MUFG "cautiously optimistic" about regulator approval for Danamon stake
Temasek Issues Statement On Sale of Stake In Indonesia's Bank Danamon
Mitsubishi UFJ Financial Group Seeks To Take A 73.8 Pct Stake In Indonesia's Bank Danamon
PT Bank Danamon Indonesia Tbk is a Indonesia-based bank primarily engaged in the provision of retail banking services. The Company's major business activities are classified into three segments: Retail, Midsize and Wholesale. Its Retail segment includes retail banking services, including unsecured personal loans, mortgages, credit card issuance, insurance business, consumer financing and pawnbroking services. Its Midsize segment provides small and medium enterprises with various commercial banking services, including Overdraft Facility, a short term loan facility for working capital purposes with option for annual renewal. Its Wholesale segment focuses on the provision of various corporate banking, financial institution and treasury services, such as cash management, working capital requirement, investment loan, trade finance and financial supply chain.
Menara BK Danamon
Jln. Haji R. Rasuna Said
Kee Choe Ng
Seow Wah Sng
Johanes Berchmans Kristiadi Pudjosukanto
Vice President Commissioner, Independent Commissioner
Satinder Pal Singh Ahluwalia
Micro Business Director
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Mitsubishi UFJ Financial Group (MUFG) <8306.T> said on Tuesday it agreed to buy 73.8 percent of Bank Danamon Indonesia <BDMN.JK>, as it looks to build a foothold in Southeast Asia's biggest economy.
* TEMASEK - STATEMENT ON ACQUISTION OF STAKE BY MITSUBISHI UFJ IN INDONESIA'S BANK DANAMON
Indonesia's financial services authority (OJK) confirmed on Friday that Mitsubishi UFJ Financial Group (MUFG) <8306.T> is interested in buying a stake in Bank Danamon Indonesia <BDMN.JK>
Mitsubishi UFJ Financial Group (MUFG) <8306.T> is in talks to buy a 40 percent stake in Bank Danamon Indonesia <BDMN.JK> for around 200 billion yen ($1.75 billion), a person with direct knowledge of the talks told Reuters on Thursday.
Bank Danamon Indonesia <BDMN.JK> said on Thursday its controlling shareholder had received an "expression of interest" related to its shareholding in the company.
The core unit of Mitsubishi UFJ Financial Group (MUFG) <8306.T> is looking at buying a 40 percent stake in Bank Danamon Indonesia <BDMN.JK> for around 200 billion yen ($1.8 billion), a person with direct knowledge of the matter said.
The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking at buying a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.8 billion), a person with direct knowledge of the matter said.
The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking at buying a stake of about 40 percent in Bank Danamon Indonesia for around $1.75 billion as part of its plans to expand in Southeast Asia, the Nikkei business daily reported.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.