The Economic Times, 12 Apr 2010
SINGAPORE: The CEO of DBS Piyush Gupta said on Monday the bank has not held exploratory talks with Singapore state investor Temasek Holdings over the acquisition of Indonesia's Bank Danamon.
There has been market speculation that Temasek will sell its 68 percent stake in Danamon to DBS, Southeast Asia's biggest bank, of which Temasek also owns 28 percent. Link