Kamis, 05 April 2012

INDONESIA - BANKING - House urged to intervene in DBS’s plan to acquire Danamon

www.thejakartapost.com - Golkar Party lawmaker Lili Asdjudiredja has called on the House of Representatives to urge Bank Indonesia and the government to prevent Singaporean DBS Bank from acquiring 99 percent of Bank Danamon’s shares as it would create a banking monopoly.

Both banks are owned by Temasek Holdings, the Singaporean sovereign wealth fund fully controlled by the island-city government

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