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MUFG seeking to buy 40 percent of Indonesia's Bank Danamon from Temasek - sources

Reuters  |  TOKYO/SINGAPORE 

By Taro Fuse and Anshuman DagaTOKYO/SINGAPORE (Reuters) - The core unit of Mitsubishi UFJ Financial Group (MUFG) is looking to buy a 40 percent stake in Bank Danamon Indonesia for around 200 billion yen ($1.75 billion), a person familiar with the matter told Reuters on Thursday.Bank of Tokyo-Mitsubishi UFJ (MUFG) intends to buy shares from Singapore's Temasek Holdings, a major shareholder, said the source and another person with direct knowledge of the matter, who declined to be named as the talks were not public.Faced with sluggish growth at home, MUFG has expanded its presence in Southeast ...

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First Published: Thu, November 09 2017. 10:31 IST
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