Even a 52 percent premium may not be enough to snag Indonesia’s biggest bank takeover. DBS of Singapore has offered $7.2 billion for Indonesia’s Bank Danamon in a tie-up that would benefit both banks and burnish Indonesia’s image as a hot destination for foreign investment. But with elections approaching, longstanding mistrust of Singapore could trump commercial logic. Full story
OPINION: DBS deal tests Indonesia’s deep Singapore-phobia - Wayne Arnold
Even a 52 percent premium may not be enough to snag Indonesia’s biggest bank takeover. DBS of Singapore has offered $7.2 billion for Indonesia’s Bank Danamon in a tie-up that would benefit both banks and burnish Indonesia’s image as a hot destination for foreign investment. But with elections approaching, longstanding mistrust of Singapore could trump commercial logic. Full story
