Senin, 09 April 2012

INDONESIA - BANKING - DBS Told 80% Is Cap for Indonesia's Bank Danamon

www.thejakartaglobe.com - DBS Group Holdings, Southeast Asia’s largest bank, must sell shares of Bank Danamon Indonesia back to the public if it owns more than 80 percent of the lender after a takeover, according to the Indonesian bourse.

DBS offered to buy Jakarta-based Danamon for about $7.2 billion on April 2 in the biggest takeover by a Southeast Asian lender.

The bank would pay Singapore’s

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