DBS Group Holdings Ltd. (DBS), which bid to acquire PT Bank Danamon Indonesia last year, extended a deadline to complete the deal with Temasek Holdings Pte by two months as the sale awaits approval from Indonesian regulators.
The sale has been left on hold as Indonesia’s central bank considers approval while seeking greater access for its own lenders in Singapore. Regulatory approval would help DBS gain access to more profitable lending opportunities and a faster- growing economy. Full story
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DBS, Temasek Extend Deadline for $7.3 Billion Bank Danamon Deal - Fox Business
