On 2nd April 2012, DBS Group Holdings (D05.SI) made an announcement that it is acquiring a 67.4% stake in Bank Danamon for S$6.2b. DBS is largely held by Singapore’s state-run Temasek Holdings and mentioned that it will pay its parent company 45.2 trillion rupiah($4.9 billion) in new shares for its 67% stake and buy the remaining stock from other shareholders for 21.2…
Tag: D05.SI
