| Temasek, an investment fund controlled by the Singaporean government, owned Danamon through Asia Financial (Indonesia) Pte. Ltd., a unit of its subsidiary, Fullerton Financial Holdings Pte. Ltd.
The offer price for both majority and minority shareholders was at Rp 7,000 per Danamon share, representing a premium of 56.3 percent over its one-month average share price of Rp 4,480. That amounts to 2.6 times Danamon’s book value, which analysts considered in line with the Indonesian banking industry...............................................Full Article: Source
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