🏹MUFG seeks to take a 73.8% majority stake in Bank Danamon, reaffirming Indonesia’s importance in its regional strategy

By Bank, 7 Finance

🏹MUFG seeks to take a 73.8% majority stake in Bank Danamon, reaffirming Indonesia’s importance in its regional strategy

Japan, 26 December 2017 – Mitsubishi UFJ Financial Group, Inc.’s commercial banking entity The Bank ofTokyo-Mitsubishi UFJ, Ltd. (“MUFG”) announced today that it has entered into conditional share purchaseagreements with Asia Financial (Indonesia) Pte. Ltd. (“AFI”) and other affiliated entities (the “Sellers”), toacquire their shareholding interests in Indonesian bank PT Bank Danamon Indonesia, Tbk. (“Danamon”),subject to applicable regulatory approvals. AFI is a wholly-owned subsidiary of Fullerton Financial HoldingsPte. Ltd. The Sellers currently hold in aggregate, 73.8% shareholding interests in Danamon.

http://www.bk.mufg.jp/global/newsroom/news2017/pdf/newse12262.pdf

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