trending Market Intelligence /marketintelligence/en/news-insights/trending/Rz4G4vCQQ_L-TcQqbT4ySw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Mitsubishi UFJ Financial may start buying Bank Danamon stake in early 2018

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Mitsubishi UFJ Financial may start buying Bank Danamon stake in early 2018

Indonesia's Financial Services Authority expects Japan's Mitsubishi UFJ Financial Group Inc. to start acquiring a stake in PT Bank Danamon Indonesia Tbk in early 2018, Bloomberg News reported Dec. 6, citing Aristiadi, head of foreign bank supervision at the regulator.

The group, through unit Bank of Tokyo-Mitsubishi UFJ Ltd., will likely buy 40% of Bank Danamon in two phases, the first of which may occur in early 2018, Aristiadi told a group of reporters in Jakarta.

Under the first phase, the Japanese bank will acquire a minority stake without having to obtain regulatory approval. However, it will need to obtain one if it decides to raise its shareholding to 40% or more. The country currently allows foreign investors to own up to 40% of local banks.

On Nov. 9, The Nikkei reported that Bank of Tokyo-Mitsubishi was looking to buy shares in Bank Danamon, with an initial investment of ¥200 billion. Bank Danamon separately said its majority shareholder Asia Financial Indonesia Pte, which is owned by Singaporean sovereign wealth fund Temasek Holdings (Pte.) Ltd., had received an "expression of interest" in its stake in the bank.

Heru Kristiyana, a commissioner at Indonesia's Financial Services Authority, confirmed that Bank of Tokyo-Mitsubishi was indeed eyeing the Indonesian lender, according to a Nov. 10 Reuters report.

Representatives from both Mitsubishi UFJ Financial and Temasek declined to comment, Bloomberg said.

As of Dec. 6, US$1 was equivalent to ¥112.25.