The Business Competition Supervisory Commission (KPPU) expects the merger and accquisition (M&A) activities conducted by foreign firms with domestic players to continue this year, mainly in the financial sector along with the growing financial technology (fintech), and the processing industry.
Read MoreComposite index of Indonesia Stock Exchange (IDX) advanced 0.9% to its new record at 6,277 Wednesday (Dec 27), lifted by, among others, 14.2% gain of Bank Danamon (BDMN). More than 29 million Danamon shares exchanged hands...
Read MoreMitsubishi UFJ Financial Group Inc (MUFG), Japan’s largest financial group, has entered into a conditional share purchase agreement (SPA) with Asia Financial (Indonesia) Pte Ltd and other affiliated entities to acquire up to 73.8% stake in Bank Danamon (BDMN) at Rp8323 per share or 38.71% premium to the last quoted price of Danamon.
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