Indonesia announces 40% bank ownership rules
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Indonesia announces 40% bank ownership rules

Jakarta : Indonesia | Jul 18, 2012 at 7:01 AM PDT
Source: Channel NewsAsia
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Indonesia's central bank Wednesday announced new regulations limiting bank ownership to 40 percent, but it was unclear whether the cap would affect a $7.3 billion acquisition bid for Bank Danamon. DBS Group of Singapore announced plans to buy Danamon in April, although the deal was put on hold after... FULL ARTICLE AT Channel NewsAsia
 
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