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Sovereign Wealth Funds Briefing - Categorized | Financials

DBS agrees to extend deadline for takeover of Temasek’s Danamon

Posted on 03 June 2013

DBS Group Holdings Ltd. (DBS), Southeast Asia’s biggest bank, agreed to extend a deadline for buying a controlling stake in PT Bank Danamon Indonesia from Temasek Holdings Pte amid regulatory wrangling.
The agreement with Temasek’s Fullerton Financial Holdings Pte, which expired, will be prolonged to Aug. 1, Singapore-based DBS said in a statement today. The deal will lapse unless both parties agree to a further extension, it said………………………………………..Full Article: Source


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