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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Indonesia c bank chief says DBS-Danamon deal may happen in May

Posted on 16 April 2013

DBS Group Holdings Ltd’s bid to buy Indonesia’s PT Bank Danamon from Singapore state investor Temasek Holdings Pte Ltd may go ahead next month, Indonesia’s central bank chief said on Monday.
The US$7.2 billion deal has been stuck for a year because of regulatory obstacles with Bank Indonesia capping ownership stakes in local banks and politicians calling for the Monetary Authority of Singapore (MAS) to grant greater access for Indonesian banks in Singapore………………………………………..Full Article: Source


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