SINGAPORE/JAKARTA: DBS Group, Southeast Asia's biggest lender, is making a bid for a controlling stake in Indonesia's Bank Danamon worth about $3.2 billion and owned by an arm of Singapore state investor Temasek Holdings, sources said on Friday.
Fullerton Financial Holdings, the Temasek unit, confirmed it had received an offer for its 68 percent stake in Danamon, but did not elaborate on the name of the bidder in a statement.
Sources told Reuters the offer came from DBS, which is also 29 percent owned by Temasek. The sources declined to be identified because the talks were not public. Full story
Related:
DBS sets up Indonesia’s biggest bank deal - The Malaysian Insider
Fullerton Financial Received Offer For Stake In Bank Danamon Shareholder, Asia Financial - Fox Business
