MUFG reviews Bank Danamon stake – report

Mitsubishi UFJ Financial Group is considering imaginable steps for its holding successful PT Bank Danamon Indonesia, according to a Bloomberg study citing sources.

The options nether reappraisal see removing the slope from the marketplace oregon reducing MUFG’s ownership to assistance the level of shares held by nationalist investors.

The Japanese banking radical is said to beryllium moving with an advisor connected the plan, the study said.

Danamon said it is studying the latest rules and volition instrumentality immoderate indispensable follow-up enactment to conscionable them.

Earlier successful 2026, Indonesia gave listed firms arsenic agelong arsenic 3 years to rise their nationalist interval nether reforms intended to amended transparency.

MUFG holds astir 92.5% of Danamon.

In April, MUFG said it was alert of the updated free-float requirements and of marketplace speech astir a imaginable delisting of Danamon, portion adding that nary determination had been made.

Danamon’s banal jumped successful April aft reports of a imaginable transaction, astir doubling its beforehand for the year.

MUFG agreed successful 2017 to get an archetypal involvement successful Danamon from Singapore authorities capitalist Temasek Holdings Pte and related parties arsenic it sought to broaden its footprint successful Indonesia.

It aboriginal applied for support to rise that holding, astatine a clip erstwhile Indonesian authorities were much unfastened to overseas concern successful portion to enactment consolidation successful the banking industry.

In 2019, MUFG said it needed to grounds a $1.9bn impairment complaint connected its Danamon concern aft the Indonesian bank’s stock terms fell sharply erstwhile MSCI dropped it from its indexes pursuing the takeover, which near the banal with a constricted escaped float.

MUFG aboriginal reported its archetypal quarterly nonaccomplishment successful 10 years and lowered its full-year nett outlook aft taking the charge.

Danamon was founded successful 1956 and, unneurotic with subsidiary Adira Finance, had 275.7 trillion rupiah successful assets astatine the extremity of 2025, according to its website.

"MUFG reviews Bank Danamon involvement – study " was primitively created and published by Retail Banker International, a GlobalData owned brand.

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