🏹Will Temasek Sell Bank Danamon to Japan’s MUFG?  〜  swfinstitute

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🏹Will Temasek Sell Bank Danamon to Japan’s MUFG?

Japan’s Mitsubishi UFJ Financial Group (MUFG) has shifted its preference in commercial banking investments from Malaysia to other parts of Southeast Asia including Indonesia.

In September 2017, MUFG exited its holdings in CIMB Group. MUFG has placed strategic bets in Security Bank Corporation in the Philippines for a 20% stake and Bank of Ayudhya in Thailand.

In December 2012, MUFG spent an estimated 60 billion JPY (US$ 720 million) for a 20% stake in VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade).

https://www.swfinstitute.org/swf-news/will-temasek-sell-bank-danamon-to-japans-mufg/

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