M&A Update

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 More

MUFG-Danamon: Premium 38.7%

Mitsubishi 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.

Read More
error: Content is protected !!