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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Indonesia’s Bank Danamon to raise up to $586 mln via rights offer

Posted on 25 July 2011

Bank Danamon plans to raise up to 5 trillion Indonesian rupiah ($586 million) in a rights offer in September, Indonesia’s sixth-biggest lender said in a statement on Monday.
Singapore’s Temasek Holdings , Danamon’s main shareholder, through its unit will fully subscribe to its portion of the rights offer, Danamon said. Temasek currently owns a 67 percent stake in the bank……………………………………….Full Article: Source


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