DBS Group Holdings Ltd.’s huge Indonesia deal looks it’s been given the greenlight.
The Singapore lender’s proposed $7.3 billion acquisition of PT Bank Danamon, announced in April, has been stalled since as the bank has anxiously awaited proposed rule changes on foreign ownership of Indonesian banks by regulators.
Now it looks like DBS, one of the highest-rated banks in Asia, could be getting its way, depending on how the new law is interpreted. Full story
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AFG unaware of progress on DBS-Temasek talks - Malaysia Star
