DBS not interested in Danamon deal if only allowed 40 percent stake

Reuters, 12 Jun 2013
(Reuters) - DBS Group Holdings Ltd may review its planned acquisition of a stake in Indonesia's PT Bank Danamon if the Singapore lender is allowed to buy only a 40 percent share, DBS's chairman told Singapore's Business Times newspaper.
"At 40 percent, the economics will be challenging as it will not allow us to integrate with our existing business in Indonesia," DBS Chairman Peter Seah was quoted as saying. "It will require a review of the economics of the transaction." Full story

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