DBS bid to take over Danamon in limbo
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DBS bid to take over Danamon in limbo

Jakarta : Indonesia | May 24, 2012 at 6:17 PM PDT
Source: The Jakarta Post
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Sources told Reuters that Indonesia's central bank is planning to limit the maximum stake a single shareholder can take in the country's banks to below 50 per cent, down from 99 per cent now. This would likely scupper DBS' plan to buy a 67.4 per cent stake in Danamon from Temasek Holdings for $9.1 billion.... FULL ARTICLE AT The Jakarta Post
 
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